Strong Bearish Signal:
The price demonstrated a huge drop supported by increased institutional volume and large negative delta. It denotes that sellers are prevailing the market at the moment.
Volume Zones:
We need to point out the support level 1.3137. The price is currently testing this mark.
Sentiment:
This indicator shows that 79% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a23/2008/8c/44c86ad72179.png
Consider Short Positions:
Given all these factors, we may regard a scenario of its breakdown, which will allow us to open short positions. The move must be keen and supported by the large volume, which will be a more precise 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 demonstrated a huge drop supported by increased institutional volume and large negative delta. It denotes that sellers are prevailing the market at the moment.
Volume Zones:
We need to point out the support level 1.3137. The price is currently testing this mark.
Sentiment:
This indicator shows that 79% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a23/2008/8c/44c86ad72179.png
Consider Short Positions:
Given all these factors, we may regard a scenario of its breakdown, which will allow us to open short positions. The move must be keen and supported by the large volume, which will be a more precise 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.