AUDUSD SHORT on Order Flow - Follow the smart money!
Strong Bearish Signal:
The pair demonstrated a huge drop supported by large institutional volume, which is a good signal of the continuation of the local downtrend. Moreover, the huge delta only enhances this scenario.
Volume Zones:
It's necessary to point out the new resistance zone 0.6848-0.6857, which contains the large volume.
Sentiment:
This indicator shows that 75% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d30/1911/17/61bc68841ecc.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:
Around 90-100 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The pair demonstrated a huge drop supported by large institutional volume, which is a good signal of the continuation of the local downtrend. Moreover, the huge delta only enhances this scenario.
Volume Zones:
It's necessary to point out the new resistance zone 0.6848-0.6857, which contains the large volume.
Sentiment:
This indicator shows that 75% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d30/1911/17/61bc68841ecc.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:
Around 90-100 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
