Strong Bearish Signal:
The price showed a huge drop supported by the large institutional volume.
Volume Zones:
This formed a new level of resistance, which contains the large market participants volume, it's 1.2235.
Sentiment:
This indicator shows that 91% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c22/1907/b2/e9bbf482c7e8.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a smooth upward correction, in order to get an acceptable entry point. A stop loss may be placed above the new resistance.
Profit Potential:
More than 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 showed a huge drop supported by the large institutional volume.
Volume Zones:
This formed a new level of resistance, which contains the large market participants volume, it's 1.2235.
Sentiment:
This indicator shows that 91% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c22/1907/b2/e9bbf482c7e8.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a smooth upward correction, in order to get an acceptable entry point. A stop loss may be placed above the new resistance.
Profit Potential:
More than 120 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.