USDWTI LONG on Order Flow - Follow the smart money!
Strong Bullish Signal:
The price continued rising, moreover, the movement was supported by the large volume and increased positive delta. These factors increase the probability of the further continuation of the uptrend.
Volume Zones:
We need to allocated an important level of resistance 56.60, which contains increased volume. Now the price is trading near it.
Sentiment:
This indicator shows that 89% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a27/1910/62/1d34666bc328.png
Consider Long Positions:
Considering all these factors, we may reckon a scenario of the breakout of the resistance, which will consent us to open long positions. The rise must be keen and supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 200 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The price continued rising, moreover, the movement was supported by the large volume and increased positive delta. These factors increase the probability of the further continuation of the uptrend.
Volume Zones:
We need to allocated an important level of resistance 56.60, which contains increased volume. Now the price is trading near it.
Sentiment:
This indicator shows that 89% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a27/1910/62/1d34666bc328.png
Consider Long Positions:
Considering all these factors, we may reckon a scenario of the breakout of the resistance, which will consent us to open long positions. The rise must be keen and supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 200 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
