Strong Bullish Signal:
The price resumed its growth after an appearance of the large volume and creation of its accumulation at the bottom of the correction. It means that the smart money resumed pushing the pair up. Moreover, there is a significant local uptrend.
Volume Zones:
The price is testing the level of resistance level/local maximum 1835.40 - 1840.40.
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/b43/2105/92/b7da44f83a14.png
Consider Long Positions:
We may regard long positions only after a keen and confident breakout of the resistance level. The move must be supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 400 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 resumed its growth after an appearance of the large volume and creation of its accumulation at the bottom of the correction. It means that the smart money resumed pushing the pair up. Moreover, there is a significant local uptrend.
Volume Zones:
The price is testing the level of resistance level/local maximum 1835.40 - 1840.40.
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/b43/2105/92/b7da44f83a14.png
Consider Long Positions:
We may regard long positions only after a keen and confident breakout of the resistance level. The move must be supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 400 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.