Strong Bearish Signal:
The price demonstrated a huge drop supported by large institutional volume and broke through the previous support level. Moreover, the large negative delta shows a significant imbalance of sales.
Volume Zones:
Unfortunately, the volume was evenly spread across the chart, hence, we can't allocate any new volume levels.
Sentiment:
This indicator shows that 70% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c36/2006/7f/b0b6910c2b73.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We can 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 volume move.
Profit Potential:
More than 110 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 huge drop supported by large institutional volume and broke through the previous support level. Moreover, the large negative delta shows a significant imbalance of sales.
Volume Zones:
Unfortunately, the volume was evenly spread across the chart, hence, we can't allocate any new volume levels.
Sentiment:
This indicator shows that 70% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c36/2006/7f/b0b6910c2b73.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We can 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 volume move.
Profit Potential:
More than 110 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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