Strong Bullish Signal:
The pair tested the support level and then demonstrated a sharp growth. The move was on the large positive delta, which means that buyers are dominating the market.
Volume Zones:
It is necessary to point out the crucial support level 1.1237 - 1.1245. We should allocated that the large volume is concentrated inside it, which implies that the smart money has positions in this range.
Sentiment:
This indicator shows that 67% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://imagizer.imageshack.com/img923/1425/Cl6Scw.png
Consider Long Positions:
Given all these factors, we should consider exceptionally long positions until the breakdown of this level. We may enter the market after a smooth downward correction of the price, in order to get a more profitable entry point. A stop loss may be placed below the support level.
Profit Potential:
More than 100 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 tested the support level and then demonstrated a sharp growth. The move was on the large positive delta, which means that buyers are dominating the market.
Volume Zones:
It is necessary to point out the crucial support level 1.1237 - 1.1245. We should allocated that the large volume is concentrated inside it, which implies that the smart money has positions in this range.
Sentiment:
This indicator shows that 67% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://imagizer.imageshack.com/img923/1425/Cl6Scw.png
Consider Long Positions:
Given all these factors, we should consider exceptionally long positions until the breakdown of this level. We may enter the market after a smooth downward correction of the price, in order to get a more profitable entry point. A stop loss may be placed below the support level.
Profit Potential:
More than 100 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.