Strong Bearish Signal:
The price continued falling, so that we can state that the downtrend is going on. Moreover, the large negative delta implies that sellers are stiil prevailing the market.
Volume Zones:
Besides it, we need to point out the new volume level of resistance 0.6885.
Sentiment:
This indicator shows that 94% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d36/1906/71/adfe8b6cd5c4.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We can enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the new resistance.
Profit Potential:
More than 80 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 continued falling, so that we can state that the downtrend is going on. Moreover, the large negative delta implies that sellers are stiil prevailing the market.
Volume Zones:
Besides it, we need to point out the new volume level of resistance 0.6885.
Sentiment:
This indicator shows that 94% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d36/1906/71/adfe8b6cd5c4.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We can enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the new resistance.
Profit Potential:
More than 80 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
