VARIANSE
Short

USDCAD SHORT on Order Flow - Follow the smart money!

FX:USDCAD   U.S. Dollar / Canadian Dollar
Strong Bearish Signal:
The demonstrated a huge drop supported by large institutional volume and negative delta. It means that that is a significant sales imbalance.
Volume Zones:
We need to point out the level of support/local minimum 1.3500, which contains the large volume . Now the price is testing the mark.
Sentiment:
This indicator shows that 77% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a36/2007/33/261529c...
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after the sharp breakdown of the support level . The sink must be 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 120 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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