AUDUSD LONG on Order Flow - Follow the smart money!
Strong Bullish Signal:
The pair showed a sharp growth supported by the increased volume, so that we may assume that the smart money pushed the price up. It increases the possibility of the further surge.
Volume Zones:
It is necessary to point out the new volume support level 0.6485.
Sentiment:
This indicator shows that 83% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a14/2004/cd/5baf3a2135d5.png
Consider Long Positions:
Given all these factors, we should give preference to long positions. We may enter the market after a smooth downward correction of the price, in order to get a better entry point. A stop loss should be placed below the new support level.
Profit Potential:
More than 120 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The pair showed a sharp growth supported by the increased volume, so that we may assume that the smart money pushed the price up. It increases the possibility of the further surge.
Volume Zones:
It is necessary to point out the new volume support level 0.6485.
Sentiment:
This indicator shows that 83% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a14/2004/cd/5baf3a2135d5.png
Consider Long Positions:
Given all these factors, we should give preference to long positions. We may enter the market after a smooth downward correction of the price, in order to get a better entry point. A stop loss should be placed below the new support level.
Profit Potential:
More than 120 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
