Strong Bearish Signal:
The price demonstrated a huge drop supported by large institutional volume. Besides it, 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 - 1.1154.
Sentiment:
This indicator shows that 80% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b26/1908/33/ad4e37f024ad.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 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 price demonstrated a huge drop supported by large institutional volume. Besides it, 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 - 1.1154.
Sentiment:
This indicator shows that 80% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b26/1908/33/ad4e37f024ad.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 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
