Orderflow
GBPUSD LongThis is my take on GBPUSD for the upcoming days...
I will keep my eyes on the 1.37600 level where a beautiful bullish OB resides, and on its 50% level as well.
I expect for this OB+ to be respected and for the price to continue to go higher afterwards.
This pair has an old weekly high to take out and maybe to go and fill the FV GAP above.
Only time will tell. What is your opinion on this pair for this week?
There is risk in trading. This post is for educational purposes only.
Weekend Analysis + Market Re-cap Looking at some good trades i took on AUDJPY this past week
Also breaking down some of the pairs in which I am looking for some possible trend continuations or trend reversals based on the market structure that presents itself.
Any questions on the analysis please do let me know via a comment or message.
Take Care
Ben
EURUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The price resumed rising after a sharp correction and totally absorbed it, which shows a weakness of sellers. Moreover, the upward move was supported by the increased volume and large positive delta, which implies that buyers are dominating the market now.
Volume Zones:
We need to point out an important level of resistance 1.1784 - 1.1792, which has been already tested and contains the large volume.
Sentiment:
This indicator shows that 68% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
c.radikal.ru
Consider Long Positions:
Given all these factors, we may open long positions after a smooth downward correction of the price, in order to get a better entry point. A stop loss may be placed below the support level.
Profit Potential:
More than 120 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Smart Money SHORT | NZDJPYLooking at NZDJPY we are currently in a daily POI and 4HR POI, on the 15min we have signs of bearish momentum kicking in with a break of structure.
Waiting now for price to pull back into the last area of demand on the 5min TF and see how price reacts
Any questions feel free to ask
EURUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The price continued growing and broke out the previous resistance level, which is a good bullish signal.
Volume Zones:
We need to highlight a new level of support 1.1784 - 1.1792, which contains the large volume. Moreover, the price has already tested it and resumed rising.
Sentiment:
This indicator shows that 67% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
a.radikal.ru
Consider Long Positions:
Given all these factors, we may ponder long positions after a smooth downward correction, which will allow us to obtain a better entry point. A stop loss may be placed below the new support level.
Profit Potential:
Around 80-85 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
EURUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The pair demonstrated a sharp surge and tested the level of resistance. The price did not break it out, but is still trading near it. The move was supported by the large volume and positive delta. It implies that there is a significant purchases imbalance at the moment.
Volume Zones:
We need to point out an important level of resistance 1.1796 - 1.1800, which contains the large volume.
Sentiment:
This indicator shows that 59% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
d.radikal.ru
Consider Long Positions:
Given all these factors, we may ponder a breakout of the resistance level, which will consent us to open long positions. The surge must be keen 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:
Around 90 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Smart Money LONG | AUDCAD Looking at the structure we have formed at a Daily POI
With the descending kind of nature towards that level, we now have a break of major structure suggesting that price could be about to turn around and move to the upside.
Waiting for some sort of lower timeframe structure to form in order to get in on this position, so we shall have to wait and see how it plays out.
Any questions please feel free to ask in the comments or via a message
Thank you
Take Care
Ben