Strong Bearish Signal:
The price indicated an abrupt fall supported by large institutional volume and broke through the previous support level. Moreover, the increased negative delta points on the sales dis-balance.
Volume Zones:
It is necessary to point out the new volume level of support 1.487 - 1.504, which contains the large volume. However, the price didn't show a sharp reaction on it and is still trading nigh this mark.
Consider Short Positions:
Considering all these factors, we may regard a scenario of the breakdown of the support level, which will be a great bearish signal. The drop must be keen and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss should be placed above the breakdown volume bar.
Profit Potential:
More than 150 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 indicated an abrupt fall supported by large institutional volume and broke through the previous support level. Moreover, the increased negative delta points on the sales dis-balance.
Volume Zones:
It is necessary to point out the new volume level of support 1.487 - 1.504, which contains the large volume. However, the price didn't show a sharp reaction on it and is still trading nigh this mark.
Consider Short Positions:
Considering all these factors, we may regard a scenario of the breakdown of the support level, which will be a great bearish signal. The drop must be keen and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss should be placed above the breakdown volume bar.
Profit Potential:
More than 150 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.