USDWTI SHORT on Order Flow - Follow the smart money!
Strong Bearish Signal:
The price demonstrated a sharp drop supported and now is testing the level of support. The sink was supported by the large volume + increased negative delta, so that we may assume that it's the smart money, who pushed the price down.
Volume Zones:
It is necessary to point out the level of support/local minimum 50.95.
Sentiment:
This indicator shows that 89% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d05/1906/21/09f64d9aff28.png
Consider Short Positions:
Given all these factors, we may regard a scenario of a breadown of this mark, which will consent us to open short positions. The breakdown movement must be keen and supported by the large volume, which will be a more accurate signal for entering the market. A stop loss should be placed above the breakdown volume bar.
Profit Potential:
More than 200 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 sharp drop supported and now is testing the level of support. The sink was supported by the large volume + increased negative delta, so that we may assume that it's the smart money, who pushed the price down.
Volume Zones:
It is necessary to point out the level of support/local minimum 50.95.
Sentiment:
This indicator shows that 89% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d05/1906/21/09f64d9aff28.png
Consider Short Positions:
Given all these factors, we may regard a scenario of a breadown of this mark, which will consent us to open short positions. The breakdown movement must be keen and supported by the large volume, which will be a more accurate signal for entering the market. A stop loss should be placed above the breakdown volume bar.
Profit Potential:
More than 200 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
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