Strong Bearish Signal:
The pair demonstrated a huge drop supported by the increased institutional volume and broke through the previous support level. The increased negative delta means that sellers are prevailing the market.
Volume Zones:
The volume was evenly spread throughout the movement, so that we can't point out any new volume level or zone.
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://c.radikal.ru/c01/1907/3f/c4909be24cbd.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the beginning of the breakdown move.
Profit Potential:
More than 120 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 the increased institutional volume and broke through the previous support level. The increased negative delta means that sellers are prevailing the market.
Volume Zones:
The volume was evenly spread throughout the movement, so that we can't point out any new volume level or zone.
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://c.radikal.ru/c01/1907/3f/c4909be24cbd.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the beginning of the breakdown move.
Profit Potential:
More than 120 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.