GBPUSD LONG on Order Flow - Follow the smart money!
Strong Bullish Signal:
The pair showed a sharp growth and broke out the previous level of resistance. Now there is now obstacle for further growth of the price. Moreover, the increased positive delta shows that buyers are prevailing the market at the moment.
Volume Zones:
The move was on the average volume, hence, we cannot allocate any new volume or zone.
Sentiment:
This indicator shows that 73% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a29/2011/b3/bed8a0651a33.png
Consider Long Positions:
Given all these factors, we should prefer long positions. We may enter the market after a smooth downward correction, in order to get a better entry point. A stop loss should be placed below the beginning of the sharp rise.
Profit Potential:
More than 150 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The pair showed a sharp growth and broke out the previous level of resistance. Now there is now obstacle for further growth of the price. Moreover, the increased positive delta shows that buyers are prevailing the market at the moment.
Volume Zones:
The move was on the average volume, hence, we cannot allocate any new volume or zone.
Sentiment:
This indicator shows that 73% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a29/2011/b3/bed8a0651a33.png
Consider Long Positions:
Given all these factors, we should prefer long positions. We may enter the market after a smooth downward correction, in order to get a better entry point. A stop loss should be placed below the beginning of the sharp rise.
Profit Potential:
More than 150 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
