Strong Bearish Signal:
The price demonstrated a huge drop and totally swallowed the previous sharp growth, which means that sellers are dominating the market. Furthermore, there is a strong downtrend.
Volume Zones:
The price is currently testing the support level/local minimum 102.88.
Sentiment:
This indicator shows that 77% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b27/2101/a2/ca762c8d6011.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a support level breakdown. The sink 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 120 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 and totally swallowed the previous sharp growth, which means that sellers are dominating the market. Furthermore, there is a strong downtrend.
Volume Zones:
The price is currently testing the support level/local minimum 102.88.
Sentiment:
This indicator shows that 77% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b27/2101/a2/ca762c8d6011.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a support level breakdown. The sink 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 120 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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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.