Strong Bullish Signal:
The pair showed a sharp growth support by the large volume, so that we may assume that the smart money pushed the price up. It increases the possibility of the further surge. Moreover, there is a strong local uptrend with the Pound.
Volume Zones:
We need to point out the new level of support 1.3935, which contains the large volume.
Sentiment:
This indicator shows that 85% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a27/2102/d1/bbf6a01d1001.png
Consider Long Positions:
Given all these factors, we shoud prefer a scenario of opening long positions. We may enter the market after a smooth downward correction, in order to get a better entry point. A stop loss should be placed below the new support level.
Profit Potential:
More than 130 points.
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 support by the large volume, so that we may assume that the smart money pushed the price up. It increases the possibility of the further surge. Moreover, there is a strong local uptrend with the Pound.
Volume Zones:
We need to point out the new level of support 1.3935, which contains the large volume.
Sentiment:
This indicator shows that 85% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a27/2102/d1/bbf6a01d1001.png
Consider Long Positions:
Given all these factors, we shoud prefer a scenario of opening long positions. We may enter the market after a smooth downward correction, in order to get a better entry point. A stop loss should be placed below the new support level.
Profit Potential:
More than 130 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
