Strong Bullish Signal:
The price resumed growing yesterday. The rise was sharp and supported by the large volume, which means that the smart money pushed the pair upwards.
Volume Zones:
We need to point out an important level of resistance 1.2245 - 1.2255. The price is currently trading near this mark.
Sentiment:
This indicator shows that 77% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a31/2012/99/c3fedfc59c28.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be keen and supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed below the breakout volume bar.
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 resumed growing yesterday. The rise was sharp and supported by the large volume, which means that the smart money pushed the pair upwards.
Volume Zones:
We need to point out an important level of resistance 1.2245 - 1.2255. The price is currently trading near this mark.
Sentiment:
This indicator shows that 77% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a31/2012/99/c3fedfc59c28.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be keen and supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed below the breakout volume bar.
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 -
