AUDUSD LONG on Order Flow - Follow the smart money!
Strong Bullish Signal:
The pair continued growing yesterday. The move was confident and keen, hence, the uptrend is going on.
Volume Zones:
We need to allocated an important level of resistance/local maximum 0.7335. The price is currently testing this mark.
Sentiment:
This indicator shows that 77% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b39/2011/01/5377c373152d.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
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 growing yesterday. The move was confident and keen, hence, the uptrend is going on.
Volume Zones:
We need to allocated an important level of resistance/local maximum 0.7335. The price is currently testing this mark.
Sentiment:
This indicator shows that 77% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b39/2011/01/5377c373152d.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
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 -
