XAUUSD LONG on Order Flow - Follow the smart money!
Strong Bullish Signal:
The pair 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. It increases the possibility of the further surge. Besides it, there is a strong uptrend with gold.
Volume Zones:
We need to point out a new level of support 1889.50 - 1894.70, which contains the large volume.
Sentiment:
This indicator shows that 73% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b09/2105/47/efa66569bccf.png
Consider Long Positions:
Given all these factors, we may open purchases after a smooth downward correction, in order to obtain a more profitable entry point. A stop loss may be placed below the previous breakout volume bar.
Profit Potential:
More than 400 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The pair 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. It increases the possibility of the further surge. Besides it, there is a strong uptrend with gold.
Volume Zones:
We need to point out a new level of support 1889.50 - 1894.70, which contains the large volume.
Sentiment:
This indicator shows that 73% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b09/2105/47/efa66569bccf.png
Consider Long Positions:
Given all these factors, we may open purchases after a smooth downward correction, in order to obtain a more profitable entry point. A stop loss may be placed below the previous breakout volume bar.
Profit Potential:
More than 400 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Feragatname
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