Strong Bearish Signal:
Price demonstrated a huge drop supported by large institutional volume and broke through the previous support level. Moreover, the large negative delta confirms that sellers were dominating the market.
Volume Zones:
We need to point out the new support level 57.60, which stopped the further fall and contains increased volume.
Sentiment:
This indicator shows that 83% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b15/1905/d6/556dc1454c81.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a sharp and confident breakdown of the new support level. The move must be supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed above the breakdown volume bar.
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 -
Price demonstrated a huge drop supported by large institutional volume and broke through the previous support level. Moreover, the large negative delta confirms that sellers were dominating the market.
Volume Zones:
We need to point out the new support level 57.60, which stopped the further fall and contains increased volume.
Sentiment:
This indicator shows that 83% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b15/1905/d6/556dc1454c81.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a sharp and confident breakdown of the new support level. The move must be supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed above the breakdown volume bar.
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 -
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.