Strong Bearish Signal:
The price demonstrated a huge drop supported by the large institutional volume and broke through the previous support level. This is a great bearish signal as it shows the weakness of buyers.
Volume Zones:
The volume was evenly spread across the movement, hence, we can't allocate any new volume level or zone.
Sentiment:
This indicator shows that 75% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a34/2011/09/9f10b6f05901.png
Consider Short Positions:
Given all these factors, we should regard exceptionally short positions. We may 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 sink.
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 demonstrated a huge drop supported by the large institutional volume and broke through the previous support level. This is a great bearish signal as it shows the weakness of buyers.
Volume Zones:
The volume was evenly spread across the movement, hence, we can't allocate any new volume level or zone.
Sentiment:
This indicator shows that 75% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a34/2011/09/9f10b6f05901.png
Consider Short Positions:
Given all these factors, we should regard exceptionally short positions. We may 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 sink.
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 -
