Strong Bearish Signal:
As predicted, the price corrected upwards and then resumed falling. Moreover, the drop was supported by the large volume, which means that institutional players pushed the price down.
Volume Zones:
We need to point out the resistance level 1299.50, which contains the large volume.
Sentiment:
This indicator shows that 55% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://imagizer.imageshack.com/img924/6789/4NgrYx.png
Consider Short Positions:
Given all these factors, we still may consider short positions. WWe may open short positions after a slight and smooth upward correction of the price, in order to get an acceptable entry point. A stop loss may be placed above the new resistance.
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 -
As predicted, the price corrected upwards and then resumed falling. Moreover, the drop was supported by the large volume, which means that institutional players pushed the price down.
Volume Zones:
We need to point out the resistance level 1299.50, which contains the large volume.
Sentiment:
This indicator shows that 55% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://imagizer.imageshack.com/img924/6789/4NgrYx.png
Consider Short Positions:
Given all these factors, we still may consider short positions. WWe may open short positions after a slight and smooth upward correction of the price, in order to get an acceptable entry point. A stop loss may be placed above the new resistance.
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 -
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。