Strong Bearish Signal:
The price demonstrated a huge drop supported by large institutional volume and broke through the previous support level. Moreover, the large negative delta denotes that sellers are dominating the market.
Volume Zones:
This formed a new level of support, which contains large market participants volume - 1463.00.
Sentiment:
This indicator shows that 72% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b17/1911/22/0e8100e72903.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We can enter the market after the sharp breakdown of the support level. The movement must be 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 300 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 and broke through the previous support level. Moreover, the large negative delta denotes that sellers are dominating the market.
Volume Zones:
This formed a new level of support, which contains large market participants volume - 1463.00.
Sentiment:
This indicator shows that 72% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b17/1911/22/0e8100e72903.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We can enter the market after the sharp breakdown of the support level. The movement must be 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 300 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
