Strong Bearish Signal:
The price contineud falling and is now trading near the level of support. Moreover, the movement was supported by increased institutional volume and negative delta, which means that sellers pushed the price down.
Volume Zones:
It is necessary to point out the level of support 1.1185, that contains the large volume.
Sentiment:
This indicator shows that 85% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b18/1907/db/5911f296883b.png
Consider Short Positions:
Given all these factors, we may consider a scenario of the breakdown of the support, which will consent us to open short positions. The movement must be keen and supported by the large volume, that will be a more reliable signal for entering the market. 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 price contineud falling and is now trading near the level of support. Moreover, the movement was supported by increased institutional volume and negative delta, which means that sellers pushed the price down.
Volume Zones:
It is necessary to point out the level of support 1.1185, that contains the large volume.
Sentiment:
This indicator shows that 85% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b18/1907/db/5911f296883b.png
Consider Short Positions:
Given all these factors, we may consider a scenario of the breakdown of the support, which will consent us to open short positions. The movement must be keen and supported by the large volume, that will be a more reliable signal for entering the market. 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.