Strong Bearish Signal:
The price demonstrated a sharp drop, hence the local downtrend is going on. Moreover, increased negative delta implies a presence of the dis-balance of sales.
Volume Zones:
This formed a new level of resistance, which contains large market participants volume and was created during this move from 1.3825– 1.3837.
Sentiment:
This indicator shows that 64% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b15/2004/04/411f181b9124.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We can enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the new resistance.
Profit Potential:
More than 150 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 sharp drop, hence the local downtrend is going on. Moreover, increased negative delta implies a presence of the dis-balance of sales.
Volume Zones:
This formed a new level of resistance, which contains large market participants volume and was created during this move from 1.3825– 1.3837.
Sentiment:
This indicator shows that 64% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b15/2004/04/411f181b9124.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We can enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the new resistance.
Profit Potential:
More than 150 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.