Strong Bearish Signal:
The price showed a sharp sink supported by large institutional volume, that implies that the smart money pushed the price down. Moreover, the pair is testing the level of support.
Volume Zones:
We need to allocated the strong global level of support 109.80.
Sentiment:
This indicator shows that 92% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c02/1905/ba/055f4940110f.png
Consider Short Positions:
Given all these factors, we may regard a scenario of the breakdown of the support, which will be a strong bearish signal. The fall must be keen and supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed above the breakout volume bar.
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 price showed a sharp sink supported by large institutional volume, that implies that the smart money pushed the price down. Moreover, the pair is testing the level of support.
Volume Zones:
We need to allocated the strong global level of support 109.80.
Sentiment:
This indicator shows that 92% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c02/1905/ba/055f4940110f.png
Consider Short Positions:
Given all these factors, we may regard a scenario of the breakdown of the support, which will be a strong bearish signal. The fall must be keen and supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed above the breakout volume bar.
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 -
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