Strong Bullish Signal:
The pair showed a sharp growth supported by the increased volume, which means that the smart money pushed the price up. Moreover, we need to mention the presence of the local uptrend.
Volume Zones:
We need to allocate an important level of resistance/local maximum 0.7800.
Sentiment:
This indicator shows that 81% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d15/2102/dc/5a595ed34207.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 70 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 growth supported by the increased volume, which means that the smart money pushed the price up. Moreover, we need to mention the presence of the local uptrend.
Volume Zones:
We need to allocate an important level of resistance/local maximum 0.7800.
Sentiment:
This indicator shows that 81% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d15/2102/dc/5a595ed34207.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 70 pips.
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.