Strong Bullish Signal:
The price resumed rising after trading inside the local consolidation. Hence, we may state that the uptrend is going on. Besides it, the move was on the increased volume and large positive delta, so that we may assume that the smart money pushed the price up.
Volume Zones:
We need to allocated an important level of support 0.6852, which contains the large volume.
Sentiment:
This indicator shows that 67% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d07/1909/f6/5f8ee97d1175.png
Consider Long Positions:
Considering all these factors, we give advantage to long positions. We may enter the market after a smooth downward correction, in order to get a more profitable entry point. A stop loss may be placed below the new support.
Profit Potential:
More than 90 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 resumed rising after trading inside the local consolidation. Hence, we may state that the uptrend is going on. Besides it, the move was on the increased volume and large positive delta, so that we may assume that the smart money pushed the price up.
Volume Zones:
We need to allocated an important level of support 0.6852, which contains the large volume.
Sentiment:
This indicator shows that 67% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d07/1909/f6/5f8ee97d1175.png
Consider Long Positions:
Considering all these factors, we give advantage to long positions. We may enter the market after a smooth downward correction, in order to get a more profitable entry point. A stop loss may be placed below the new support.
Profit Potential:
More than 90 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
