Strong Bullish Signal:
The price demonstrated a sharp growth supported by the large volume and positive delta, which means that the smart money pushed the pair up.
Volume Zones:
We need to allocated an important level of resistance 1.2306, which was created yesterday.
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
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 price demonstrated a sharp growth supported by the large volume and positive delta, which means that the smart money pushed the pair up.
Volume Zones:
We need to allocated an important level of resistance 1.2306, which was created yesterday.
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
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 -
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