Strong Bearish Signal:
The pair showed a sharp drop supported by the large institutional volume, which means that the smart money pushed the price down.
Volume Zones:
The price is currently testing the support level/local minimum 1681.00 - 1686.00.
Sentiment:
This indicator shows that 82% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c43/2103/e8/dfc936bc2a18.png
Consider Short Positions:
Given all these factors, we may regard a breakdown of the support level, which will consent us to open short positions. The move must be keen and supported by the large volume, which will be a more precise signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 400 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The pair showed a sharp drop supported by the large institutional volume, which means that the smart money pushed the price down.
Volume Zones:
The price is currently testing the support level/local minimum 1681.00 - 1686.00.
Sentiment:
This indicator shows that 82% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c43/2103/e8/dfc936bc2a18.png
Consider Short Positions:
Given all these factors, we may regard a breakdown of the support level, which will consent us to open short positions. The move must be keen and supported by the large volume, which will be a more precise signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 400 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.