Strong Bearish Signal:
The price demonstrated a huge drop supported by large institutional volume, which means that the smart money pushed the price downwards.
Volume Zones:
We should point out the level of support 52.60-52.85, which is being tested by the price now.
Sentiment:
This indicator shows that 82% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a41/2001/47/eb6d1ce4591f.png
Consider Short Positions:
Given all these factors, we may consider a scenario of the breakdown of this mark. The drop 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 200 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 large institutional volume, which means that the smart money pushed the price downwards.
Volume Zones:
We should point out the level of support 52.60-52.85, which is being tested by the price now.
Sentiment:
This indicator shows that 82% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a41/2001/47/eb6d1ce4591f.png
Consider Short Positions:
Given all these factors, we may consider a scenario of the breakdown of this mark. The drop 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 200 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.