AUDUSD LONG on Order Flow - Follow the smart money!
Strong Bullish Signal:
After the appearance of the large volume, the price resumed its growth. The movement was sharp and supported by the large volume, which means that the smart money propelled the pair upwards.
Volume Zones:
We need to allocate an important level of resistance 0.7029.
Sentiment:
This indicator shows that 85% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d26/2006/ff/19e3e1947751.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 100 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
After the appearance of the large volume, the price resumed its growth. The movement was sharp and supported by the large volume, which means that the smart money propelled the pair upwards.
Volume Zones:
We need to allocate an important level of resistance 0.7029.
Sentiment:
This indicator shows that 85% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d26/2006/ff/19e3e1947751.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 100 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
