EURUSD LONG on Order Flow - Follow the smart money!

FX:EURUSD   Euro / U.S. Dollar
Strong Bullish Signal:
The pair showed a sharp growth supported by the large volume , so that we may assume that the smart money pushed the price up. Besides it, the large positive delta means that buyers were prevailing the market.
Volume Zones:
We need to allocate the new level of support 1.1237, which contains the large volume .
This indicator shows that 62% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
Consider Long Positions:
Given all these factors, we may regard a scenario of opening long positions. We may enter the market after a slight downward correction of the price, in order to get a more profitable entry point. A stop loss may be placed below the beginning of the sharp surge.
Profit Potential:
More than 100 pips.

To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The Professional Traders choice:


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out