XAUUSD SHORT on Order Flow - Follow the smart money!
Strong Bearish Signal:
The price demonstrated a huge drop supported by the large institutional volume and broke through the previous support level.
Volume Zones:
It is necessary to point out the new support level, which contains the large volume and was created during this move from 1830.70 – 1835.70. The price is trading near this mark.
Sentiment:
This indicator shows that 68% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b32/2102/e7/267650cefeda.png
Consider Short Positions:
Given all these factors, we may ponder a scenario of the support level breakdown, which will allow us to open short positions. The move must be keen and supported by the large volume, which will be a more precise signal for entering the market. A stop loss should 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 huge drop supported by the large institutional volume and broke through the previous support level.
Volume Zones:
It is necessary to point out the new support level, which contains the large volume and was created during this move from 1830.70 – 1835.70. The price is trading near this mark.
Sentiment:
This indicator shows that 68% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b32/2102/e7/267650cefeda.png
Consider Short Positions:
Given all these factors, we may ponder a scenario of the support level breakdown, which will allow us to open short positions. The move must be keen and supported by the large volume, which will be a more precise signal for entering the market. A stop loss should 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 -
