GBPUSD NEUTRAL on Order Flow - Follow the smart money!
Current situation:
The price corrected down after the test of the resistance level. Now the pair is located within the local consolidation, where the large volume is concentrated. Hence, we may assume that the smart money is opening new positions.
Volume Zones:
The boundaries of the consolidation are the support 1.3013 and the resistance 1.3136 - 1.3165.
Consider Short Positions:
Given all these factors, we may reckon new positions only after the keen exit of the price from the range. The breakout movement must be supported by the large volume, which will be a more accurate signal for entering the market.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The price corrected down after the test of the resistance level. Now the pair is located within the local consolidation, where the large volume is concentrated. Hence, we may assume that the smart money is opening new positions.
Volume Zones:
The boundaries of the consolidation are the support 1.3013 and the resistance 1.3136 - 1.3165.
Consider Short Positions:
Given all these factors, we may reckon new positions only after the keen exit of the price from the range. The breakout movement must be supported by the large volume, which will be a more accurate signal for entering the market.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
