Strong Bullish Signal:
THe price showed a huge and sharp growth supported by the large volume and positive delta. Hence, we may assume that the smart money pushed the price further up after the exit of it from the previous range.
Volume Zones:
We need to allocated an important level of support 111.10 - 111.26, which contains the large volume.
Sentiment:
This indicator shows that 96% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c18/2002/73/610dd73ee54e.png
Consider Long Positions:
Given all these factors, we should regard exceptionally long positions. We may enter the market after a smooth downward correction of the price on the small volume. It will give us a better entry point. A stop loss should be placed below the new support level.
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 showed a huge and sharp growth supported by the large volume and positive delta. Hence, we may assume that the smart money pushed the price further up after the exit of it from the previous range.
Volume Zones:
We need to allocated an important level of support 111.10 - 111.26, which contains the large volume.
Sentiment:
This indicator shows that 96% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c18/2002/73/610dd73ee54e.png
Consider Long Positions:
Given all these factors, we should regard exceptionally long positions. We may enter the market after a smooth downward correction of the price on the small volume. It will give us a better entry point. A stop loss should be placed below the new support level.
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.