GBPUSD SHORT on Order Flow - Follow the smart money!
Strong Bearish Signal:
The price showed a huge drop supported by the large institutional volume.
Volume Zones:
This formed a new level of resistance, which contains the large market participants volume, it's 1.2235.
Sentiment:
This indicator shows that 91% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c22/1907/b2/e9bbf482c7e8.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 an acceptable entry point. A stop loss may be placed above the new resistance.
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 showed a huge drop supported by the large institutional volume.
Volume Zones:
This formed a new level of resistance, which contains the large market participants volume, it's 1.2235.
Sentiment:
This indicator shows that 91% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c22/1907/b2/e9bbf482c7e8.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 an acceptable entry point. A stop loss may be placed above the new resistance.
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 -
