GBPUSD SHORT on Order Flow - Follow the smart money!
Strong Bearish Signal:
The pair demonstrated a huge drop supported by large institutional volume and broke down the previous support level. Moreover, the large negative delta shows that sellers are prevailing at the moment.
Volume Zones:
The volume was evenly spread throughout the chart, hence, we can't allocate any new volume level or zone.
Sentiment:
This indicator shows that 88% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c13/1907/83/2b62bd23731f.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We can 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 keen drop.
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 demonstrated a huge drop supported by large institutional volume and broke down the previous support level. Moreover, the large negative delta shows that sellers are prevailing at the moment.
Volume Zones:
The volume was evenly spread throughout the chart, hence, we can't allocate any new volume level or zone.
Sentiment:
This indicator shows that 88% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c13/1907/83/2b62bd23731f.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We can 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 keen drop.
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 -
