Strong Bearish Signal:
The price demonstrated a huge drop supported by large institutional volume and totally absorbed the previous sharp rise. It means that sellers are dominating the market at the moment.
Volume Zones:
We need to point out the volume support level 1.3193. The price is testing this level at the moment.
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a confident and keen breakdown of the support level. The sink must be 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:
Around 120 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 a huge drop supported by large institutional volume and totally absorbed the previous sharp rise. It means that sellers are dominating the market at the moment.
Volume Zones:
We need to point out the volume support level 1.3193. The price is testing this level at the moment.
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a confident and keen breakdown of the support level. The sink must be 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:
Around 120 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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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.