AUDUSD LONG on Order Flow - Follow the smart money!
Strong Bullish Signal:
The pair continued rising after the test of the support level. It is necessary to allocate the presence of the local uptrend.
Volume Zones:
We need to point out an important level of support 0.7137 - 0.7145, which contains the large volume.
Sentiment:
This indicator shows that 68% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c07/2010/4c/e02c209f87ae.png
Consider Long Positions:
Given all these factors, should give preference to long positions. We may open purchases 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:
More than 70 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 continued rising after the test of the support level. It is necessary to allocate the presence of the local uptrend.
Volume Zones:
We need to point out an important level of support 0.7137 - 0.7145, which contains the large volume.
Sentiment:
This indicator shows that 68% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c07/2010/4c/e02c209f87ae.png
Consider Long Positions:
Given all these factors, should give preference to long positions. We may open purchases 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:
More than 70 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
