AUDUSD SHORT on Order Flow - Follow the smart money!
Strong Bearish Signal:
The price showed a huge drop supported by the large institutional volume and broke down the previous support level. The large negative delta implies that sellers are prevailing the market.
Volume Zones:
This formed a new level of resistance, which contains the large market participants volume - 0.6867.
Sentiment:
This indicator shows that 96% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d38/1908/c1/779254bc91e5.png
Consider Short Positions:
Given all these factors, we should consider 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 new resistance.
Profit Potential:
More than 80 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 huge drop supported by the large institutional volume and broke down the previous support level. The large negative delta implies that sellers are prevailing the market.
Volume Zones:
This formed a new level of resistance, which contains the large market participants volume - 0.6867.
Sentiment:
This indicator shows that 96% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d38/1908/c1/779254bc91e5.png
Consider Short Positions:
Given all these factors, we should consider 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 new resistance.
Profit Potential:
More than 80 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Feragatname
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