Strong Bearish Signal:
The price demonstrated an abrupt fall. The move was on the average volume, however, it was supported by the large negative delta. It means that sellers are still dominating the market.
Volume Zones:
This formed a new level of resistance, which contains the large market participants volume and was created during this move from 1.1808-1.1812.
Sentiment:
This indicator shows that 83% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b32/2103/27/6a21ef733dd7.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after an end of the current correction and a resumption of the drop, supported by the large volume. It will be a more reliable signal for entering the market. A stop loss may be placed above the new resistance.
Profit Potential:
More than 100 points.
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 an abrupt fall. The move was on the average volume, however, it was supported by the large negative delta. It means that sellers are still dominating the market.
Volume Zones:
This formed a new level of resistance, which contains the large market participants volume and was created during this move from 1.1808-1.1812.
Sentiment:
This indicator shows that 83% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b32/2103/27/6a21ef733dd7.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after an end of the current correction and a resumption of the drop, supported by the large volume. It will be a more reliable signal for entering the market. A stop loss may be placed above the new resistance.
Profit Potential:
More than 100 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
