Strong Bearish Signal:
The price demonstrated a sharp fall supported by the large institutional volume and negative delta. It implies that there is a significant sales imbalance at the moment.
Volume Zones:
This formed a new level of resistance, which contains large market participants volume and was created during this move from 0.7292 - 0.7302.
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market either from the current level, or after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the beginning of the slump.
Profit Potential:
Around 70 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 sharp fall supported by the large institutional volume and negative delta. It implies that there is a significant sales imbalance at the moment.
Volume Zones:
This formed a new level of resistance, which contains large market participants volume and was created during this move from 0.7292 - 0.7302.
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market either from the current level, or after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the beginning of the slump.
Profit Potential:
Around 70 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.