AUDUSD SHORT on Order Flow - Follow the smart money!
Strong Bearish Signal:
The price demonstrated a huge drop supported by the increased institutional volume and broke down the previous support level. Moreover, the large negative delta shows that sellers are prevailing the market now.
Volume Zones:
The vlume was evenly spread throughout the move, so that we can't allocate new volume levels.
Sentiment:
This indicator shows that 96% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a16/1908/57/a3d6391b1e7f.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the beginning of the breakdown movement.
Profit Potential:
More than 80 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The price demonstrated a huge drop supported by the increased institutional volume and broke down the previous support level. Moreover, the large negative delta shows that sellers are prevailing the market now.
Volume Zones:
The vlume was evenly spread throughout the move, so that we can't allocate new volume levels.
Sentiment:
This indicator shows that 96% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a16/1908/57/a3d6391b1e7f.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the beginning of the breakdown movement.
Profit Potential:
More than 80 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
