Strong Bullish Signal:
The price demonstrated an abrupt growth and broke out the previous resistance level, which is a good bullish signal. Moreover, the breakout movement was supported by the large volume and positive delta, which only enhances its importance.
Volume Zones:
The volume was evenly spread throughout the chart, so that we can't allocate any new volume levels or zones.
Sentiment:
This indicator shows that 86% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c06/1910/9a/31a631a3e60b.png
Consider Long Positions:
Considering all these factors, we should give preference to long positions. We may enter the market after a smooth downward correction of the price, in order to get a better entry point. A stop loss should be placed below the beginning of the breakout movement.
Profit Potential:
More than 100 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 an abrupt growth and broke out the previous resistance level, which is a good bullish signal. Moreover, the breakout movement was supported by the large volume and positive delta, which only enhances its importance.
Volume Zones:
The volume was evenly spread throughout the chart, so that we can't allocate any new volume levels or zones.
Sentiment:
This indicator shows that 86% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c06/1910/9a/31a631a3e60b.png
Consider Long Positions:
Considering all these factors, we should give preference to long positions. We may enter the market after a smooth downward correction of the price, in order to get a better entry point. A stop loss should be placed below the beginning of the breakout movement.
Profit Potential:
More than 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.