Strong Bearish Signal:
The price resumed falling and now trading near the support level. The movement was supported by the large volume, which means that the smart money pushed the pair down.
Volume Zones:
It's necessary to point out the level of support 55.00, which contains the large volume.
Consider Short Positions:
Given all these factors, we may consider a scenario of its breakdown, which will allow us to open short positions. The drop must be keen 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 200 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 resumed falling and now trading near the support level. The movement was supported by the large volume, which means that the smart money pushed the pair down.
Volume Zones:
It's necessary to point out the level of support 55.00, which contains the large volume.
Consider Short Positions:
Given all these factors, we may consider a scenario of its breakdown, which will allow us to open short positions. The drop must be keen 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 200 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.