Strong Bearish Signal:
The price demonstrated a huge drop supported by large institutional volume. Moreover, the huge negative delta implies a significant sales imbalance.
Volume Zones:
The volume was evenly spread across the downward movement, hence, we can't allocate any new volume levels or zones.
Consider Short Positions:
Given all these factors, we should reckon exceptionally short positions. We may enter the market after a slight upward correction, in order to get a more profitable entry point. A stop loss may be placed above the beginning of the keen drop.
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 demonstrated a huge drop supported by large institutional volume. Moreover, the huge negative delta implies a significant sales imbalance.
Volume Zones:
The volume was evenly spread across the downward movement, hence, we can't allocate any new volume levels or zones.
Consider Short Positions:
Given all these factors, we should reckon exceptionally short positions. We may enter the market after a slight upward correction, in order to get a more profitable entry point. A stop loss may be placed above the beginning of the keen drop.
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.