Strong Bullish Signal:
The pair continued rising, moreover, the surge was sharp and confident. Besides it, there is a strong uptrend.
Volume Zones:
It is necessary to point out the new volume support level 110.00 - 110.04.
Sentiment:
This indicator shows that 84% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a29/2108/5a/b2ef43bf958e.png
Consider Long Positions:
Given all these factors, we may regard long positions after a smooth downward correction in order to get a better entry point. A stop loss may be placed below the new support level.
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 continued rising, moreover, the surge was sharp and confident. Besides it, there is a strong uptrend.
Volume Zones:
It is necessary to point out the new volume support level 110.00 - 110.04.
Sentiment:
This indicator shows that 84% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a29/2108/5a/b2ef43bf958e.png
Consider Long Positions:
Given all these factors, we may regard long positions after a smooth downward correction in order to get a better entry point. A stop loss may be placed below the new support level.
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 -
