Strong Bullish Signal:
The price continued rising yesterday. Moreover, the growth was sharp and supported by the large volume, which denotes that exactly the smart money pushed the price up. Besides it, increased positive delta shows that buyers are dominating the market at the moment.
Volume Zones:
We need to allocated an important level of support 1.1106-1.1113, which contains the large volume.
Sentiment:
This indicator shows that 64% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b18/2001/d7/40d3ff3692e8.png
Consider Long Positions:
Given all these factors, we should give preference to long positions. We can enter the market after a smooth downward correction, in order to get a better entry point. A stop loss should be placed below the new support level.
Profit Potential:
Local maximum.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The price continued rising yesterday. Moreover, the growth was sharp and supported by the large volume, which denotes that exactly the smart money pushed the price up. Besides it, increased positive delta shows that buyers are dominating the market at the moment.
Volume Zones:
We need to allocated an important level of support 1.1106-1.1113, which contains the large volume.
Sentiment:
This indicator shows that 64% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b18/2001/d7/40d3ff3692e8.png
Consider Long Positions:
Given all these factors, we should give preference to long positions. We can enter the market after a smooth downward correction, in order to get a better entry point. A stop loss should be placed below the new support level.
Profit Potential:
Local maximum.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
