Strong Bearish Signal:
The price demonstrated a huge drop supported by the huge volume and negative delta. It means that the smart money propelled the pair downwards, which means a significant imbalance of sales.
Volume Zones:
It is necessary to point out the new volume level of resistance 105.65 - 105.70. The price started falling exactly after its creation.
Consider Short Positions:
Given all these factors, we should ponder 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 new resistance level.
Profit Potential:
More than 80 points.
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 the huge volume and negative delta. It means that the smart money propelled the pair downwards, which means a significant imbalance of sales.
Volume Zones:
It is necessary to point out the new volume level of resistance 105.65 - 105.70. The price started falling exactly after its creation.
Consider Short Positions:
Given all these factors, we should ponder 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 new resistance level.
Profit Potential:
More than 80 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
