Strong Bearish Signal:
The price demonstrated a huge drop supported by the large institutional volume, which implies that the smart money pushed the pair down.
Volume Zones:
It is necessary to point out the new support level/local minimum 1.2780. The price is currently testing this mark.
Sentiment:
This indicator shows that 64% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a11/2009/3e/28b6f353a7d2.png
Consider Short Positions:
Given all these factors, we may reckon a breakdown of the support level. It will be a great bearish signal. The sink 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 150 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 the large institutional volume, which implies that the smart money pushed the pair down.
Volume Zones:
It is necessary to point out the new support level/local minimum 1.2780. The price is currently testing this mark.
Sentiment:
This indicator shows that 64% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a11/2009/3e/28b6f353a7d2.png
Consider Short Positions:
Given all these factors, we may reckon a breakdown of the support level. It will be a great bearish signal. The sink 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 150 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.