Strong Bullish Signal:
THe price continued rising, moreover, the growth was rapid and supported by the increased volume. The large positive delta denotes that there is a significant purchases imbalance.
Volume Zones:
The volume was evenly spread across the movement, hence, we can't allocate any new volume levels or zones.
Sentiment:
This indicator shows that 74% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b18/2008/27/be54a9d90401.png
Consider Long Positions:
Given all these factors, we may regard long positions, but only after a smooth downward correction of the price. It will give as a better entry point. A stop loss should be placed below the strong bullish signal.
Profit Potential:
More than 130 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 continued rising, moreover, the growth was rapid and supported by the increased volume. The large positive delta denotes that there is a significant purchases imbalance.
Volume Zones:
The volume was evenly spread across the movement, hence, we can't allocate any new volume levels or zones.
Sentiment:
This indicator shows that 74% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b18/2008/27/be54a9d90401.png
Consider Long Positions:
Given all these factors, we may regard long positions, but only after a smooth downward correction of the price. It will give as a better entry point. A stop loss should be placed below the strong bullish signal.
Profit Potential:
More than 130 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.