USDWTI LONG on Order Flow - Follow the smart money!
Strong Bullish Signal:
The price showed a sharp growth and broke out the previous level of resistance. The move was on the large volume, so that we may assume that the smart money pushed the price up. Besides it, the large positive delta shows that buyers are dominating the market.
Volume Zones:
We need to allocated an important level of support 57.00, which contains the large volume.
Sentiment:
This indicator shows that 91% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b00/1907/35/d47946b832e2.png
Consider Long Positions:
Given all these factors, we should prefer a scenario of opening long positions. We may enter the market after a smooth downward correction of the price, in order to get a better entry point. A stop loss may be placed below the new support level.
Profit Potential:
Our first target is the level 60.00.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The price showed a sharp growth and broke out the previous level of resistance. The move was on the large volume, so that we may assume that the smart money pushed the price up. Besides it, the large positive delta shows that buyers are dominating the market.
Volume Zones:
We need to allocated an important level of support 57.00, which contains the large volume.
Sentiment:
This indicator shows that 91% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b00/1907/35/d47946b832e2.png
Consider Long Positions:
Given all these factors, we should prefer a scenario of opening long positions. We may enter the market after a smooth downward correction of the price, in order to get a better entry point. A stop loss may be placed below the new support level.
Profit Potential:
Our first target is the level 60.00.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
