USDWTI SHORT on Order Flow - Follow the smart money!
Strong Bearish Signal:
The price showed a huge drop supported by large institutional volume and on the large negative delta, which means that sellers were prevailing the market.
Volume Zones:
This formed a new level of resistance, which contains large market participants volume and was created during this move 53.60.
Sentiment:
This indicator shows that 82% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d25/1906/06/27009f5d60e1.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We can enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the new resistance.
Profit Potential:
More than 200 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The price showed a huge drop supported by large institutional volume and on the large negative delta, which means that sellers were prevailing the market.
Volume Zones:
This formed a new level of resistance, which contains large market participants volume and was created during this move 53.60.
Sentiment:
This indicator shows that 82% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d25/1906/06/27009f5d60e1.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We can enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the new resistance.
Profit Potential:
More than 200 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
