AUDUSD LONG on Order Flow - Follow the smart money!
Strong Bullish Signal:
The price showed a sharp and confident growth supported by the large volume and positive delta. Both mean that the smart money pushed the price upwards.
Volume Zones:
It is necessary to point out the new support level 0.7150 - 0.7158, which contains the large volume.
Sentiment:
This indicator shows that 69% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c15/2010/30/bff00efff8e7.png
Consider Long Positions:
Given all these factors, we should ponder exceptionally long positions. We may enter the market after a smooth downward correction of the price, in order to get a better entry point. A stop loss should be placed below the support level with a little margin.
Profit Potential:
More than 70 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 and confident growth supported by the large volume and positive delta. Both mean that the smart money pushed the price upwards.
Volume Zones:
It is necessary to point out the new support level 0.7150 - 0.7158, which contains the large volume.
Sentiment:
This indicator shows that 69% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c15/2010/30/bff00efff8e7.png
Consider Long Positions:
Given all these factors, we should ponder exceptionally long positions. We may enter the market after a smooth downward correction of the price, in order to get a better entry point. A stop loss should be placed below the support level with a little margin.
Profit Potential:
More than 70 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
