Strong Bullish Signal:
The price continued its sharp growth, which is a good signal for the continuation of the uptrend. Furthermore, increased volume implies that institutional players are still in game.
Volume Zones:
We need to allocated an important level of resistance 1.2973, which is being tested by the price right now.
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://c.radikal.ru/c27/1910/e7/da3ed8984c25.png
Consider Long Positions:
Considering all these factors, we may reckon a scenario of the breakout of the resistance, which will allow us to open long positions. The rise must be sharp 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 140 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 continued its sharp growth, which is a good signal for the continuation of the uptrend. Furthermore, increased volume implies that institutional players are still in game.
Volume Zones:
We need to allocated an important level of resistance 1.2973, which is being tested by the price right now.
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://c.radikal.ru/c27/1910/e7/da3ed8984c25.png
Consider Long Positions:
Considering all these factors, we may reckon a scenario of the breakout of the resistance, which will allow us to open long positions. The rise must be sharp 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 140 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
