Strong Bearish Signal:
The pair demonstrated a sharp rise supported by large institutional volume and broke out the previous support level. Moreover, the huge positive delta confirms that buyers were prevailing the market.
Volume Zones:
Unfortunately, we can't allocate any new volume level as it was evenly spread throught the upward movement.
Sentiment:
This indicator shows that 87% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b03/1906/0a/a9f23f3ddf81.png
Consider Short Positions:
Given all these factors, we should consider exceptionally long positions. However, we may enter the market after a smooth downward correction, in order to get a more profitable entry point. A stop loss may be placed below the beginning of the breakout movement.
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 pair demonstrated a sharp rise supported by large institutional volume and broke out the previous support level. Moreover, the huge positive delta confirms that buyers were prevailing the market.
Volume Zones:
Unfortunately, we can't allocate any new volume level as it was evenly spread throught the upward movement.
Sentiment:
This indicator shows that 87% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b03/1906/0a/a9f23f3ddf81.png
Consider Short Positions:
Given all these factors, we should consider exceptionally long positions. However, we may enter the market after a smooth downward correction, in order to get a more profitable entry point. A stop loss may be placed below the beginning of the breakout movement.
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 -
