Strong Bearish Signal:
The pair demonstrated a sharp drop supported by the huge institutional volume and broke down the previous support level. The large negative delta means that sellers are prevailing the market.
Volume Zones:
This formed a new level of resistance, which contains large market participants volume and was created during this move from 1.1104 – 1.1114.
Sentiment:
This indicator shows that 93% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c30/1908/0b/9ba8f328227f.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may 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 pair demonstrated a sharp drop supported by the huge institutional volume and broke down the previous support level. The large negative delta means that sellers are prevailing the market.
Volume Zones:
This formed a new level of resistance, which contains large market participants volume and was created during this move from 1.1104 – 1.1114.
Sentiment:
This indicator shows that 93% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c30/1908/0b/9ba8f328227f.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may 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 -
