VARIANSE
Long

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 .
Sentiment:
This indicator shows that 62% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a31/1907/f1/a2ca948...
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: https://varianse.com
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