Strong Bullish Signal:
The price continued rising, moreover, the move was on the increased volume, which shows that the smart money pushed the pair up. Besides it, there is a strong uptrend, which is a great bullish signal.
Volume Zones:
We need to point out an important level of support 1.2795, which contains the large volume.
Sentiment:
This indicator shows that 84% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a39/2112/a5/8c2200561931.png
Consider Long Positions:
Given all these factors, we should regard long positions after a smooth downward correction of the price. It will provide us with a better entry point. A stop loss may be placed below the new support 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 continued rising, moreover, the move was on the increased volume, which shows that the smart money pushed the pair up. Besides it, there is a strong uptrend, which is a great bullish signal.
Volume Zones:
We need to point out an important level of support 1.2795, which contains the large volume.
Sentiment:
This indicator shows that 84% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a39/2112/a5/8c2200561931.png
Consider Long Positions:
Given all these factors, we should regard long positions after a smooth downward correction of the price. It will provide us with a better entry point. A stop loss may be placed below the new support 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.