Strong Bearish Signal:
The price indicated an abrupt fall supported by large institutional volume and broke through the previous support level. Moreover, the increased negative delta points on the sales dis-balance.
Volume Zones:
It is necessary to point out the new volume level of support 1.487 - 1.504, which contains the large volume. However, the price didn't show a sharp reaction on it and is still trading nigh this mark.
Consider Short Positions:
Considering all these factors, we may regard a scenario of the breakdown of the support level, which will be a great bearish signal. The drop must be keen and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss should 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 -
The price indicated an abrupt fall supported by large institutional volume and broke through the previous support level. Moreover, the increased negative delta points on the sales dis-balance.
Volume Zones:
It is necessary to point out the new volume level of support 1.487 - 1.504, which contains the large volume. However, the price didn't show a sharp reaction on it and is still trading nigh this mark.
Consider Short Positions:
Considering all these factors, we may regard a scenario of the breakdown of the support level, which will be a great bearish signal. The drop must be keen and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss should 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 -
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.