Strong Bearish Signal:
The downtrend with the Euro is going on, which is a good signal for short positions. Moreover, each bearish momentum was supported by the large volume.
Volume Zones:
We need to point out the new volume level of support 1.0838, which stopped the farther fall of the price. Now the pair is trading in a small consolidation nigh this mark.
Sentiment:
This indicator shows that 95% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b02/2002/3f/a49ad516a6e5.png
Consider Short Positions:
Given all these factors, we may regard a scenario of a breakdown of the support level, which will be a great bearish signal. The drop must be keen and supported by the large volume, which will be a more precise signal for entering the market. A stop loss should be placed above the breakdown volume bar.
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 downtrend with the Euro is going on, which is a good signal for short positions. Moreover, each bearish momentum was supported by the large volume.
Volume Zones:
We need to point out the new volume level of support 1.0838, which stopped the farther fall of the price. Now the pair is trading in a small consolidation nigh this mark.
Sentiment:
This indicator shows that 95% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b02/2002/3f/a49ad516a6e5.png
Consider Short Positions:
Given all these factors, we may regard a scenario of a breakdown of the support level, which will be a great bearish signal. The drop must be keen and supported by the large volume, which will be a more precise signal for entering the market. A stop loss should be placed above the breakdown volume bar.
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 -
