Strong Bullish Signal:
The pair corrected downwards after the creation of the resistance level. Nevertheless, the correction was on the small volume, hence, it is just a technical correction. Moreover, there is a strong uptrend, which was supported by the large positive delta, which means that buyers are prevailing the market now.
Volume Zones:
We need to allocate the new level of resistance 0.7365 - 0.7370, which contains the large volume.
Sentiment:
This indicator shows that 74% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b30/2110/72/692831ab3b32.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will allow us to open purchases. The rise must be keen and supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 80 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The pair corrected downwards after the creation of the resistance level. Nevertheless, the correction was on the small volume, hence, it is just a technical correction. Moreover, there is a strong uptrend, which was supported by the large positive delta, which means that buyers are prevailing the market now.
Volume Zones:
We need to allocate the new level of resistance 0.7365 - 0.7370, which contains the large volume.
Sentiment:
This indicator shows that 74% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b30/2110/72/692831ab3b32.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will allow us to open purchases. The rise must be keen and supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 80 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.