Strong Bearish Signal:
The pair demonstrated a huge drop supported by large institutional volume, which means that the smart money pushed the price down. Large negative delta confirms our scenario as it indicates that sellers were dominating the market.
Volume Zones:
This formed a new level of support, which contains the large market participants volume and was created during this move - 1.2835.
Sentiment:
This indicator shows that 90% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d04/1905/c2/fa64140d9d41.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a breakdown of the support level. The movement must be keen and supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 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 pair demonstrated a huge drop supported by large institutional volume, which means that the smart money pushed the price down. Large negative delta confirms our scenario as it indicates that sellers were dominating the market.
Volume Zones:
This formed a new level of support, which contains the large market participants volume and was created during this move - 1.2835.
Sentiment:
This indicator shows that 90% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d04/1905/c2/fa64140d9d41.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a breakdown of the support level. The movement must be keen and supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.