Strong Bearish Signal:
The price demonstrated a huge drop supported by large institutional volume and broke through the previous support level, which is a great bearish signal.
Volume Zones:
Volume was evenly spread across the movement, hence we can't point out any new volume level or zone.
Sentiment:
This indicator shows that 85% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d25/2111/5b/14d7a8ece2eb.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 beginning of the breakdown movement.
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 large institutional volume and broke through the previous support level, which is a great bearish signal.
Volume Zones:
Volume was evenly spread across the movement, hence we can't point out any new volume level or zone.
Sentiment:
This indicator shows that 85% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d25/2111/5b/14d7a8ece2eb.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 beginning of the breakdown movement.
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 -
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.