VARIANSE
Short

USDWTI SHORT on Order Flow - Follow the smart money!

FX_IDC:USDWTI   U.S. DOLLAR / WTI CRUDE OIL
Strong Bearish Signal:
After an upward correction, the price has already resumed falling. The drop was supported by the large volume and on the large negative delta, which means that exactly sellers pushed the price down.
Volume Zones:
We need to point out the level of support/local minimum 62.60, which contains an increased volume .
Consider Short Positions:
Given all these factors, we may consider a scenario of a breakdown of the support level , which will enable us to open short positions. The sink must be keen and supported by the large volume , which will be a more accurate signal for entering the market. A stop loss may be placed above the breakdown 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 Professional Traders choice: https://varianse.com
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