AUDUSD SHORT on Order Flow - Follow the smart money!
Strong Bearish Signal:
The price demonstrated a huge drop supported by large institutional volume, which implies that the smart money pushed the pair down. The large negative delta shows that bears are still prevailing the market.
Volume Zones:
It is necessary to point out the new level of resistance 0.6819 - 0.6830, which contains the large volume.
Sentiment:
This indicator shows that 95% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d20/2001/fb/3a86291d29e2.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. However, 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 new resistance.
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 large institutional volume, which implies that the smart money pushed the pair down. The large negative delta shows that bears are still prevailing the market.
Volume Zones:
It is necessary to point out the new level of resistance 0.6819 - 0.6830, which contains the large volume.
Sentiment:
This indicator shows that 95% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d20/2001/fb/3a86291d29e2.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. However, 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 new resistance.
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 -
