VARIANSE

GBPUSD LONG on Order Flow - Follow the smart money!

Long
FX:GBPUSD   British Pound / U.S. Dollar
Strong Bullish Signal:
The correction of the price was stopped after the formation of the new level of support, which contains the large volume . It means that the smart money opened their positions in this area. Moreover, the local uptrend supports a scenario of opening long positions.
Volume Zones:
We need to allocate the volume level of support 1.3320 - 1.3342.
Sentiment:
This indicator shows that 77% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b11/1912/aa/0697ad4...
Consider Long Positions:
Given all these factors, we should give preference to long positions. We may open long positions after a smooth and slight downward correction of the price, in order to get a better entry point. A correction must be on the small volume . A stop loss should be placed below the support level with a little margin.
Profit Potential:
Around 120 points.

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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