Strong Bullish Signal:
The price demonstrated an abrupt growth supported by the large volume, which implies that the smart money pushed the price up. Moreover, there is strong uptrend.
Volume Zones:
It is necessary to allocate the new resistance level 1.2789 - 1.2796, which contains the large volume. The price is trading near this mark, which means that sellers don't have power to propel the price down.
Sentiment:
This indicator shows that 78% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c22/2111/14/280d46e306bd.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 90 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 an abrupt growth supported by the large volume, which implies that the smart money pushed the price up. Moreover, there is strong uptrend.
Volume Zones:
It is necessary to allocate the new resistance level 1.2789 - 1.2796, which contains the large volume. The price is trading near this mark, which means that sellers don't have power to propel the price down.
Sentiment:
This indicator shows that 78% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c22/2111/14/280d46e306bd.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 90 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.