Strong Bearish Signal:
The price showed an abrupt fall supported by the large institutional volume and broke through the previous support level. Besides it, the move was supported by the large negative delta, which means that sellers are dominating the market now.
Volume Zones:
This formed a new level of resistance, which contains large market participants volume and was created during this move from 1.1638 – 1.1643.
Sentiment:
This indicator shows that 85% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b11/2109/7f/4c697db6bb11.png
Consider Short Positions:
Given all these factors, we should ponder exceptionally short positions. We may enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the new resistance.
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 price showed an abrupt fall supported by the large institutional volume and broke through the previous support level. Besides it, the move was supported by the large negative delta, which means that sellers are dominating the market now.
Volume Zones:
This formed a new level of resistance, which contains large market participants volume and was created during this move from 1.1638 – 1.1643.
Sentiment:
This indicator shows that 85% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b11/2109/7f/4c697db6bb11.png
Consider Short Positions:
Given all these factors, we should ponder exceptionally short positions. We may enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the new resistance.
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 -
