Strong Bearish Signal:
The pair demonstrated a huge drop supported by the large institutional volume and negative delta. It denotes that there is a significant sales imbalance at the moment.
Volume Zones:
It is necessary to point out the support level/local minimum 1787.30. The price is currently testing it.
Sentiment:
This indicator shows that 76% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d39/2102/10/dda3f4ba694a.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a keen breakdown of the support level. The move must be supported by the large volume, which will be a more precise signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 300 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The pair demonstrated a huge drop supported by the large institutional volume and negative delta. It denotes that there is a significant sales imbalance at the moment.
Volume Zones:
It is necessary to point out the support level/local minimum 1787.30. The price is currently testing it.
Sentiment:
This indicator shows that 76% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d39/2102/10/dda3f4ba694a.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a keen breakdown of the support level. The move must be supported by the large volume, which will be a more precise signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 300 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
