Strong Bullish Signal:
The price showed a sharp growth and is testing the level of resistance now. The move was on the large volume, so that we may assume that the smart money pushed the price up. It increases the possibility of the further surge. Moreover, increased positive delta shows the dis-balance of purchases (long positions>short positions).
Volume Zones:
We need to allocated the new level of resistance 1690.00, however, the price did not show any sharp reaction on it and now is testing this mark.
Sentiment:
This indicator shows that 64% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b36/2004/40/137910595908.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp 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:
More than 300 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 showed a sharp growth and is testing the level of resistance now. The move was on the large volume, so that we may assume that the smart money pushed the price up. It increases the possibility of the further surge. Moreover, increased positive delta shows the dis-balance of purchases (long positions>short positions).
Volume Zones:
We need to allocated the new level of resistance 1690.00, however, the price did not show any sharp reaction on it and now is testing this mark.
Sentiment:
This indicator shows that 64% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b36/2004/40/137910595908.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp 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:
More than 300 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.