Strong Bullish Signal:
THe price showed a sharp and rapid growth yesterday. Moreover, the surge was supported by the large volume and positive delta, which implies that institutional players are dominating the market.
Volume Zones:
We need to allocated an important level of support 0.6859, which contains the large volume.
Sentiment:
This indicator shows that 64% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d28/1910/d5/b12ee543639d.png
Consider Long Positions:
Given all these factors, we should regard exceptionally long positions. We may enter the market after a smooth downward correction of the price, in order to get a better entry point. A stop loss should be placed below the level of support.
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 showed a sharp and rapid growth yesterday. Moreover, the surge was supported by the large volume and positive delta, which implies that institutional players are dominating the market.
Volume Zones:
We need to allocated an important level of support 0.6859, which contains the large volume.
Sentiment:
This indicator shows that 64% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d28/1910/d5/b12ee543639d.png
Consider Long Positions:
Given all these factors, we should regard exceptionally long positions. We may enter the market after a smooth downward correction of the price, in order to get a better entry point. A stop loss should be placed below the level of support.
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 -
