XAUUSD SHORT on Order Flow - Follow the smart money!
Strong Bearish Signal:
The price went on falling and broke down the previous support level. Moreover, the move was supported by the increased volume, which implies that institutional players pushed the price down.
Volume Zones:
This formed a new level of resistance, which contains large market participants volume and was created during this move 1499.60.
Sentiment:
This indicator shows that 56% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d10/1909/cc/c6eae4617175.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a smooth upward correction, in order to obtain a more profitable entry point. A stop loss may be placed above the new resistance.
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 went on falling and broke down the previous support level. Moreover, the move was supported by the increased volume, which implies that institutional players pushed the price down.
Volume Zones:
This formed a new level of resistance, which contains large market participants volume and was created during this move 1499.60.
Sentiment:
This indicator shows that 56% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d10/1909/cc/c6eae4617175.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a smooth upward correction, in order to obtain a more profitable entry point. A stop loss may be placed above the new resistance.
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 -
