Strong Bearish Signal:
The price resumed falling, moreover, the move is sharp and supported by the large institutional volume, which means that the smart money pushed the price down. Besides it, there is a strong local downtrend, which is also a strong bearish signal.
Volume Zones:
It is necessary to point out the resistance level 1.1384 - 1.1390, which contains the large volume.
Sentiment:
This indicator shows that 81% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b39/2111/0c/1fbb579bba1c.png
Consider Short Positions:
Given all these factors, we should ponder exactly 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 resistance level.
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 resumed falling, moreover, the move is sharp and supported by the large institutional volume, which means that the smart money pushed the price down. Besides it, there is a strong local downtrend, which is also a strong bearish signal.
Volume Zones:
It is necessary to point out the resistance level 1.1384 - 1.1390, which contains the large volume.
Sentiment:
This indicator shows that 81% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b39/2111/0c/1fbb579bba1c.png
Consider Short Positions:
Given all these factors, we should ponder exactly 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 resistance level.
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.