Strong Bearish Signal:
The price demonstrated a huge drop supported by the large institutional volume and broke through the previous support level. However, the pair resumed rising after the creation of the new volume level. Nevertheless, the price is still trading nigh this mark.
Volume Zones:
It is crucial to allocate the new volume support level 1.4036 - 1.4052. The price is trading near this mark at the moment.
Consider Short Positions:
Given all these factors, we may regard a breakdown of the support level, which will be a great bearish signal. The move must be keen and supported by the large volume. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 150 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 demonstrated a huge drop supported by the large institutional volume and broke through the previous support level. However, the pair resumed rising after the creation of the new volume level. Nevertheless, the price is still trading nigh this mark.
Volume Zones:
It is crucial to allocate the new volume support level 1.4036 - 1.4052. The price is trading near this mark at the moment.
Consider Short Positions:
Given all these factors, we may regard a breakdown of the support level, which will be a great bearish signal. The move must be keen and supported by the large volume. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 150 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
