Strong Bearish Signal:
The pair demonstrated a huge drop supported by large institutional volume and broke through the previous support level. The large negative delta is a strong bearish signal as it indicates that sellers were and are prevailing the market.
Volume Zones:
We can't allocate any new level as the volume was evenly spread throughout the movement.
Sentiment:
This indicator shows that 80% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d34/1905/b7/8d5744931f0b.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 beginning of the breakdown movement.
Profit Potential:
More than 120 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 huge drop supported by large institutional volume and broke through the previous support level. The large negative delta is a strong bearish signal as it indicates that sellers were and are prevailing the market.
Volume Zones:
We can't allocate any new level as the volume was evenly spread throughout the movement.
Sentiment:
This indicator shows that 80% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d34/1905/b7/8d5744931f0b.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 beginning of the breakdown movement.
Profit Potential:
More than 120 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
