Strong Bullish Signal: The price continued rising and totally absorbed the previous downward correction, which is a good bullish signal. Moreover, the beginning of this surge was supported by the huge volume, which implies that buyers propelled the pair up. Volume Zones: We need to highlight an important level of resistance 1811.50, which contains the large volume. The price is still trading nigh this mark. Sentiment: This indicator shows that 59% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). https://d.radikal.ru/d00/2112/c4/3f04a3bb9889.png Consider Long Positions: Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth 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 300 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -