Strong Bearish Signal:
The price demonstrated a sharp fall supported by the large institutional volume and negative delta. It implies that there is a significant sales imbalance at the moment.
Volume Zones:
This formed a new level of resistance, which contains large market participants volume and was created during this move from 0.7292 - 0.7302.
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market either from the current level, or after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the beginning of the slump.
Profit Potential:
Around 70 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 demonstrated a sharp fall supported by the large institutional volume and negative delta. It implies that there is a significant sales imbalance at the moment.
Volume Zones:
This formed a new level of resistance, which contains large market participants volume and was created during this move from 0.7292 - 0.7302.
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market either from the current level, or after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the beginning of the slump.
Profit Potential:
Around 70 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.