Strong Bullish Signal:
The pair continued rising, moreover, the surge was sharp and confident. Besides it, there is a strong uptrend.
Volume Zones:
It is necessary to point out the new volume support level 110.00 - 110.04.
Sentiment:
This indicator shows that 84% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a29/2108/5a/b2ef43bf958e.png
Consider Long Positions:
Given all these factors, we may regard long positions after a smooth downward correction in order to get a better entry point. A stop loss may be placed below the new support level.
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 continued rising, moreover, the surge was sharp and confident. Besides it, there is a strong uptrend.
Volume Zones:
It is necessary to point out the new volume support level 110.00 - 110.04.
Sentiment:
This indicator shows that 84% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a29/2108/5a/b2ef43bf958e.png
Consider Long Positions:
Given all these factors, we may regard long positions after a smooth downward correction in order to get a better entry point. A stop loss may be placed below the new support level.
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.