Strong Bearish Signal:
The pair corrected up yesterday, but the move was smooth and on the small volume, so that we can't consider it as a reversal signal. Moreover, given the recent sharp drop on the large volume, we stil may prefer short positions.
Volume Zones:
Our previous volume level of support 1.1278 is sitll actual.
Sentiment:
This indicator shows that the situation is equal (52% - long, 48% - short), hence, we should be more careful.
https://imagizer.imageshack.com/img924/1822/LcdRfj.png
Consider Short Positions:
We may enter the market after a sharp breakdown of the support level 1.1278 on the large volume, in order to insure us against a fake move. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
Our first target is the level 1.1180.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The pair corrected up yesterday, but the move was smooth and on the small volume, so that we can't consider it as a reversal signal. Moreover, given the recent sharp drop on the large volume, we stil may prefer short positions.
Volume Zones:
Our previous volume level of support 1.1278 is sitll actual.
Sentiment:
This indicator shows that the situation is equal (52% - long, 48% - short), hence, we should be more careful.
https://imagizer.imageshack.com/img924/1822/LcdRfj.png
Consider Short Positions:
We may enter the market after a sharp breakdown of the support level 1.1278 on the large volume, in order to insure us against a fake move. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
Our first target is the level 1.1180.
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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