Strong Bearish Signal:
THe price resumed falling and now is testing the local minimum. The move was supported by the increased institutional volume. Besides it, the large negative delta means that bears are prevailing the market now.
Volume Zones:
We need to allocated the support level/local minimum 0.6767.
Sentiment:
This indicator shows that 97% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a43/1908/ca/7fb9824a5748.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a confident and sharp breakdown of the support level. The drop must be supported by the large volume, which will insure us against a fake breakdown. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 80 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 falling and now is testing the local minimum. The move was supported by the increased institutional volume. Besides it, the large negative delta means that bears are prevailing the market now.
Volume Zones:
We need to allocated the support level/local minimum 0.6767.
Sentiment:
This indicator shows that 97% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a43/1908/ca/7fb9824a5748.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a confident and sharp breakdown of the support level. The drop must be supported by the large volume, which will insure us against a fake breakdown. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 80 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
