XAUUSD SHORT on Order Flow - Follow the smart money!
Strong Bearish Signal:
The price demonstrated a sharp fall and totally absorbed the previous rise, which shows a weakness of buyers.
Volume Zones:
It is necessary to allocate an important support level/local minimum 1854.70. The price is currently trading near this mark.
Sentiment:
This indicator shows that 70% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d42/2011/5f/ba92d200b5b0.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a keen breakdown of the support level. The move must be supported by the large volume, which will be a more precise signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 300 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 demonstrated a sharp fall and totally absorbed the previous rise, which shows a weakness of buyers.
Volume Zones:
It is necessary to allocate an important support level/local minimum 1854.70. The price is currently trading near this mark.
Sentiment:
This indicator shows that 70% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d42/2011/5f/ba92d200b5b0.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a keen breakdown of the support level. The move must be supported by the large volume, which will be a more precise signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 300 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
