USDWTI LONG on Order Flow - Follow the smart money!
Strong Bullish Signal:
The price showed a huge growth supported by large institutional volume and is testing the level of resistance now. The large positive delta means that buyers were dominating the market.
Volume Zones:
We need to point out an important level of resistance 64.65, which contains the large volume.
Sentiment:
This indicator shows that 74% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://imagizer.imageshack.com/img921/1566/rwXOy1.png
Consider Long Positions:
Given all these factors, we may consider a scenario of the breakout of the resistance, which will allow us to open long positions. The breakout movement must be keen and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 160 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 growth supported by large institutional volume and is testing the level of resistance now. The large positive delta means that buyers were dominating the market.
Volume Zones:
We need to point out an important level of resistance 64.65, which contains the large volume.
Sentiment:
This indicator shows that 74% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://imagizer.imageshack.com/img921/1566/rwXOy1.png
Consider Long Positions:
Given all these factors, we may consider a scenario of the breakout of the resistance, which will allow us to open long positions. The breakout movement must be keen and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 160 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
