Strong Bullish Signal:
The price went on rising on the large volume, which means that the smart money pushed the pair up. Besides it, the large positive delta shows that buyers are dominating the market.
Volume Zones:
We need to allocated an important level of support 16.04, which contains the large volume.
Consider Long Positions:
Given all these factors, we should regard exceptionally long positions. We may enter the market after a smooth downward correction, in order to get a better entry point. A stop loss may be placed below the support level.
Profit Potential:
More than 50 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 on the large volume, which means that the smart money pushed the pair up. Besides it, the large positive delta shows that buyers are dominating the market.
Volume Zones:
We need to allocated an important level of support 16.04, which contains the large volume.
Consider Long Positions:
Given all these factors, we should regard exceptionally long positions. We may enter the market after a smooth downward correction, in order to get a better entry point. A stop loss may be placed below the support level.
Profit Potential:
More than 50 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.