XAUUSD SHORT on Order Flow - Follow the smart money!
Strong Bullish Signal:
The price demonstrated an abrupt and keen growth supported by the large volume, which means that buyers are dominating the market. The large positive delta denotes the presence of the imbalance of long positions right now.
Volume Zones:
We need to point out an important level of support 1858.20 - 1862.80, which contains the large volume.
Consider Long Positions:
Given all these factors, we may consider long positions after a smooth downward correction, in order to get a better entry point. The correction must be smooth and on the small volume. A stop loss may be placed below the new support level.
Profit Potential:
Around 250 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 keen growth supported by the large volume, which means that buyers are dominating the market. The large positive delta denotes the presence of the imbalance of long positions right now.
Volume Zones:
We need to point out an important level of support 1858.20 - 1862.80, which contains the large volume.
Consider Long Positions:
Given all these factors, we may consider long positions after a smooth downward correction, in order to get a better entry point. The correction must be smooth and on the small volume. A stop loss may be placed below the new support level.
Profit Potential:
Around 250 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
