Strong Bearish Signal:
The pair demonstrated a sharp fall supported by the large institutional volume and totally absorbed the previous rise. Moreover, the move was supported by the large negative delta, which shows that sellers are dominating the market now.
Volume Zones:
It is necessary to point out the new support level 1.1734 - 1.1743, which contains the large volume. The price corrected up after its creation, however, the move was smooth and insignificant. The price is trading nigh this mark at the moment.
Consider Short Positions:
Given all these factors, we may ponder a breakdown of the support level, which will consent us to open short positions. The slump must be abrupt 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 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 pair demonstrated a sharp fall supported by the large institutional volume and totally absorbed the previous rise. Moreover, the move was supported by the large negative delta, which shows that sellers are dominating the market now.
Volume Zones:
It is necessary to point out the new support level 1.1734 - 1.1743, which contains the large volume. The price corrected up after its creation, however, the move was smooth and insignificant. The price is trading nigh this mark at the moment.
Consider Short Positions:
Given all these factors, we may ponder a breakdown of the support level, which will consent us to open short positions. The slump must be abrupt 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 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
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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.