Strong Bearish Signal:
The pair restarted falling and is trading near the local minimum. The drop was supported by the increased volume + negative delta, which implies that smart money pushed the price down.
Volume Zones:
We need to allocate the level of support 1.2614, which contains the large volume.
Sentiment:
This indicator shows that 86% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a07/1905/f3/37f2205e5227.png
Consider Short Positions:
Given all these factors, we should consider a scenario of a breakdown of the support level, which will allow us to open short positions. The breakdown movement must be sharp, rapid and supported by the large volume, which will be a more accurate signal for entering the market. A stop loss may be placed above the breakdown volume bar.
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 -
The pair restarted falling and is trading near the local minimum. The drop was supported by the increased volume + negative delta, which implies that smart money pushed the price down.
Volume Zones:
We need to allocate the level of support 1.2614, which contains the large volume.
Sentiment:
This indicator shows that 86% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a07/1905/f3/37f2205e5227.png
Consider Short Positions:
Given all these factors, we should consider a scenario of a breakdown of the support level, which will allow us to open short positions. The breakdown movement must be sharp, rapid and supported by the large volume, which will be a more accurate signal for entering the market. A stop loss may be placed above the breakdown volume bar.
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 -
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.