Strong Bullish Signal:
The price went on rising, moreover, the move was on the large volume and positive delta. It means that buyers were dominating among institutional players.
Volume Zones:
We need to point out the new level of support 61.60, which contains the large volume.
Sentiment:
This indicator shows that 90% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://imagizer.imageshack.com/img924/6885/N530ly.png
Consider Long Positions:
Given all these factors, we should consider exceptionally long positions. We may enter the market after a smooth downward correction, in order to obtain a more profitable entry point. A stop loss may be placed below the new support.
Profit Potential:
More than 150 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 went on rising, moreover, the move was on the large volume and positive delta. It means that buyers were dominating among institutional players.
Volume Zones:
We need to point out the new level of support 61.60, which contains the large volume.
Sentiment:
This indicator shows that 90% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://imagizer.imageshack.com/img924/6885/N530ly.png
Consider Long Positions:
Given all these factors, we should consider exceptionally long positions. We may enter the market after a smooth downward correction, in order to obtain a more profitable entry point. A stop loss may be placed below the new support.
Profit Potential:
More than 150 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.