Strong Bearish Signal:
The demonstrated a huge drop supported by the increased institutional volume, which means that it's the smart money, that pushed the price down.
Volume Zones:
It is necessary to point out the new level of resistance 107.70, which contains the large volume. Hence, we may assume that institutional players have their positions in it.
Sentiment:
This indicator shows that 95% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b41/1906/3b/23c5900f9459.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 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The demonstrated a huge drop supported by the increased institutional volume, which means that it's the smart money, that pushed the price down.
Volume Zones:
It is necessary to point out the new level of resistance 107.70, which contains the large volume. Hence, we may assume that institutional players have their positions in it.
Sentiment:
This indicator shows that 95% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b41/1906/3b/23c5900f9459.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 100 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.