Strong Bearish Signal:
The price demonstrated a huge drop supported by the large institutional volume and broke through the previous support level.
Volume Zones:
It is necessary to point out the new support level, which contains the large volume and was created during this move from 1830.70 – 1835.70. The price is trading near this mark.
Sentiment:
This indicator shows that 68% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b32/2102/e7/267650cefeda.png
Consider Short Positions:
Given all these factors, we may ponder 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 should be placed above the breakdown volume bar.
Profit Potential:
More than 300 pips.
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 large institutional volume and broke through the previous support level.
Volume Zones:
It is necessary to point out the new support level, which contains the large volume and was created during this move from 1830.70 – 1835.70. The price is trading near this mark.
Sentiment:
This indicator shows that 68% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b32/2102/e7/267650cefeda.png
Consider Short Positions:
Given all these factors, we may ponder 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 should be placed above the breakdown volume bar.
Profit Potential:
More than 300 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.