Strong Bullish Signal:
The price demonstrated an abrupt and confident growth supported by the large volume and positive delta. It means that there is a significant purchases imbalance (longs > shorts).
Volume Zones:
It is necessary to point out the new support level 1773.00 - 1776.00, which contains the large volume.
Sentiment:
This indicator shows that 64% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a13/2104/6b/22ae293ee91f.png
Consider Long Positions:
Given all these factors, we may ponder long positions after a smooth downward correction, in order to get a better entry point. A stop loss may be placed below the new support level.
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 an abrupt and confident growth supported by the large volume and positive delta. It means that there is a significant purchases imbalance (longs > shorts).
Volume Zones:
It is necessary to point out the new support level 1773.00 - 1776.00, which contains the large volume.
Sentiment:
This indicator shows that 64% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a13/2104/6b/22ae293ee91f.png
Consider Long Positions:
Given all these factors, we may ponder long positions after a smooth downward correction, in order to get a better entry point. A stop loss may be placed below the new support level.
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 -
