Strong Bullish Signal:
The pair showed a sharp growth supported by the large volume, so that we may assume that the smart money pushed the price up. Besides it, the large positive delta means that buyers were prevailing the market.
Volume Zones:
We need to allocate the new level of support 1.1237, which contains the large volume.
Sentiment:
This indicator shows that 62% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a31/1907/f1/a2ca948c16ef.png
Consider Long Positions:
Given all these factors, we may regard a scenario of opening long positions. We may enter the market after a slight downward correction of the price, in order to get a more profitable entry point. A stop loss may be placed below the beginning of the sharp surge.
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 showed a sharp growth supported by the large volume, so that we may assume that the smart money pushed the price up. Besides it, the large positive delta means that buyers were prevailing the market.
Volume Zones:
We need to allocate the new level of support 1.1237, which contains the large volume.
Sentiment:
This indicator shows that 62% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a31/1907/f1/a2ca948c16ef.png
Consider Long Positions:
Given all these factors, we may regard a scenario of opening long positions. We may enter the market after a slight downward correction of the price, in order to get a more profitable entry point. A stop loss may be placed below the beginning of the sharp surge.
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 -
