AUDUSD SHORT on Order Flow - Follow the smart money!
Strong Bearish Signal:
The price showed a sharp fall supported by large institutional volume, which implies that the smart money pushed the price down.
Volume Zones:
It is necessary to highlight an important level of support 0.7281 - 0.7288, the price is trading nigh this mark now.
Sentiment:
This indicator shows that 68% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c15/2109/4c/723e13a398fe.png
Consider Short Positions:
Given all these factors, we may regard a breakdown of the support level, which will allow us to open sales. The movement must be keen and supported by the large volume, which will be a more accurate signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 80 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The price showed a sharp fall supported by large institutional volume, which implies that the smart money pushed the price down.
Volume Zones:
It is necessary to highlight an important level of support 0.7281 - 0.7288, the price is trading nigh this mark now.
Sentiment:
This indicator shows that 68% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c15/2109/4c/723e13a398fe.png
Consider Short Positions:
Given all these factors, we may regard a breakdown of the support level, which will allow us to open sales. The movement must be keen and supported by the large volume, which will be a more accurate signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 80 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
