XAGUSD SHORT on Order Flow - Follow the smart money!
Strong Bearish Signal: The price demonstrated a confident and sharp fall supported by the large institutional volume and swallowed the previous upward correction. It shows that buyers don't have a power to propel the price further up. Volume Zones: The price is testing the support level/local minimum 24.54 - 24.61. Sentiment: This indicator shows that 83% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd"). https://c.radikal.ru/c20/2103/47/7f094d92d166.png Consider Short Positions: Given all these factors, we may reckon a scenario of the support level breakdown, which will allow us to open short positions. The move must be keen and supported by the large volume, which will be a more precise signal for entering the market. A stop loss may be placed above the breakdown volume bar. Profit Potential: More than 60 pips.
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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