Strong Bearish Signal:
The pair demonstrated a sharp and confident drop supported by the large institutional volume.
Volume Zones:
This formed a new level of resistance 1.1181, which contains the large market participants volume.
Sentiment:
This indicator shows that 93% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a25/1907/0f/f52a83196480.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 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 pair demonstrated a sharp and confident drop supported by the large institutional volume.
Volume Zones:
This formed a new level of resistance 1.1181, which contains the large market participants volume.
Sentiment:
This indicator shows that 93% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a25/1907/0f/f52a83196480.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 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
