Strong Bullish Signal:
The price demonstrated an abrupt growth supported by both huge volume and positive delta, which shows that buyers are prevailing the market now. Moreover, the pair broke out the resistance level, which is a great bullish signal.
Volume Zones:
We need to highlight an important level of support 1080.00 - 1809.60, which contains the large volume.
Sentiment:
This indicator shows that 71% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a42/2111/59/4fe820d48175.png
Consider Long Positions:
Given all these factors, we may regard purchases after a smooth downward correction of the price, in order to get a better entry point. A stop loss may be placed below the new support level.
Profit Potential:
More than 200 points.
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 an abrupt growth supported by both huge volume and positive delta, which shows that buyers are prevailing the market now. Moreover, the pair broke out the resistance level, which is a great bullish signal.
Volume Zones:
We need to highlight an important level of support 1080.00 - 1809.60, which contains the large volume.
Sentiment:
This indicator shows that 71% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a42/2111/59/4fe820d48175.png
Consider Long Positions:
Given all these factors, we may regard purchases after a smooth downward correction of the price, in order to get a better entry point. A stop loss may be placed below the new support level.
Profit Potential:
More than 200 points.
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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