Strong Bullish Signal:
The price tested the support level, but could not break it down and resumed rising. The move was supported by the large volume and positive delta, which shows that there is a significant purchases imbalance right now. Besides it, we need to, mention a recent sharp growth of the pair.
Volume Zones:
We need to point out an important level of support 1.1865, which contains the large volume.
Sentiment:
This indicator shows that 69% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a07/2104/5c/0627fc90dcac.png
Consider Long Positions:
Given all these factors, we may prefer a scenario of opening long positions. We may enter the market after a smooth downward correction of the price, in order to obtain a more profitable entry point. A stop loss may be placed below the new support level.
Profit Potential:
Around 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The price tested the support level, but could not break it down and resumed rising. The move was supported by the large volume and positive delta, which shows that there is a significant purchases imbalance right now. Besides it, we need to, mention a recent sharp growth of the pair.
Volume Zones:
We need to point out an important level of support 1.1865, which contains the large volume.
Sentiment:
This indicator shows that 69% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a07/2104/5c/0627fc90dcac.png
Consider Long Positions:
Given all these factors, we may prefer a scenario of opening long positions. We may enter the market after a smooth downward correction of the price, in order to obtain a more profitable entry point. A stop loss may be placed below the new support level.
Profit Potential:
Around 100 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.