Strong Bearish Signal:
The price tested the support level, but could not break it down, however, the pair resumed falling after a smooth upward correction. Moreover, the recent sharp sink supported by the huge volume implies that the smart money pushed the price downwards.
Volume Zones:
We need to point out the level of support 1.2775 - 1.2787, which contains the large volume and has already been tested by the price. The pair is currently testing this mark.
Sentiment:
This indicator shows that 82% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b24/2012/6b/2fad0780443c.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a keen breakdown of the support level. The drop must be keen and supported by the large volume, which will be a more precise signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 100 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The price tested the support level, but could not break it down, however, the pair resumed falling after a smooth upward correction. Moreover, the recent sharp sink supported by the huge volume implies that the smart money pushed the price downwards.
Volume Zones:
We need to point out the level of support 1.2775 - 1.2787, which contains the large volume and has already been tested by the price. The pair is currently testing this mark.
Sentiment:
This indicator shows that 82% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b24/2012/6b/2fad0780443c.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a keen breakdown of the support level. The drop must be keen and supported by the large volume, which will be a more precise signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 100 points.
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.