USDCAD SHORT on Order Flow - Follow the smart money!

Strong Bearish Signal:
The demonstrated a huge drop supported by large institutional volume and broke through the previous support level. The huge negative delta shows the strength of sellers.
Volume Zones:
This formed a new level of resistance, which contains large market participants volume and was created during this move 1.3282.
Sentiment:
This indicator shows that 84% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a22/1909/e2/6a17076c264d.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 -