Strong Bullish Signal:
The pair showed a sharp growth on the large volume, which means that the smart money pushed the price up. Furthermore, the increased positive delta implies that buyers are still prevailing the market.
Volume Zones:
It is necessary to point out the new volume level of resistance 59.75.
Sentiment:
This indicator shows that 57% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b28/1906/47/c4b736422f92.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 200 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The pair showed a sharp growth on the large volume, which means that the smart money pushed the price up. Furthermore, the increased positive delta implies that buyers are still prevailing the market.
Volume Zones:
It is necessary to point out the new volume level of resistance 59.75.
Sentiment:
This indicator shows that 57% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b28/1906/47/c4b736422f92.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 200 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.