Strong Bearish Signal:
The pair demonstrated a huge drop supported by increased institutional volume. Moreover, the large negative delta means that sellers are dominating the market.
Volume Zones:
It is necessary to point out the level of support 1.0935.
Sentiment:
This indicator shows that 84% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b21/1909/6b/d7a2484ea7c8.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a sharp breakdown of the support level on the large volume, which will be a more secure signal. A stop loss should be placed above the breakdown volume bar.
Profit Potential:
More than 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The pair demonstrated a huge drop supported by increased institutional volume. Moreover, the large negative delta means that sellers are dominating the market.
Volume Zones:
It is necessary to point out the level of support 1.0935.
Sentiment:
This indicator shows that 84% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b21/1909/6b/d7a2484ea7c8.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a sharp breakdown of the support level on the large volume, which will be a more secure signal. A stop loss should be placed above the breakdown volume bar.
Profit Potential:
More than 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.