Strong Bearish Signal:
The price demonstrated a huge drop supported by large institutional volume. Moreover, the huge negative delta implies a significant sales imbalance.
Volume Zones:
The volume was evenly spread across the downward movement, hence, we can't allocate any new volume levels or zones.
Consider Short Positions:
Given all these factors, we should reckon exceptionally short positions. We may enter the market after a slight upward correction, in order to get a more profitable entry point. A stop loss may be placed above the beginning of the keen drop.
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 price demonstrated a huge drop supported by large institutional volume. Moreover, the huge negative delta implies a significant sales imbalance.
Volume Zones:
The volume was evenly spread across the downward movement, hence, we can't allocate any new volume levels or zones.
Consider Short Positions:
Given all these factors, we should reckon exceptionally short positions. We may enter the market after a slight upward correction, in order to get a more profitable entry point. A stop loss may be placed above the beginning of the keen drop.
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 -
