VARIANSE

GBPUSD SHORT on Order Flow - Follow the smart money!

Short
FX:GBPUSD   British Pound / U.S. Dollar
Strong Bearish Signal:
The price resumed falling and now is testing the support level . Yes, the price has already done that and did not break it down, on the other hand, it did not show any sharp or significant correction or bounce up. It shows a weakness of buyers as they can't propel the price up. Moreover, there is a strong downtrend, which is also a good bearish signal.
Volume Zones:
It is crucial to highlight the level of support 1.3220 - 1.3245,which contains the large volume and has been already tested. Nevertheless, the price is still trading near it.
Sentiment:
This indicator shows that 72% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d02/2112/03/5b8b76c0898b.png
Consider Short Positions:
Given all these factors, we may regard a breakdown of the support level , which will open the road for the further fall. The move must be keen and supported by the large volume , which will be a more precise signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 150 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