Strong Bullish Signal:
The price demonstrated a confident and sharp growth supported by the large volume yesterday. Furthermore, the large positive delta denotes that buyers are prevailing the market at the moment.
Volume Zones:
It is necessary to allocated a very important level of support 1.2400, which contains the large volume and has been already tested.
Sentiment:
This indicator shows that 57% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c27/1909/48/7402a80cdc9c.png
Consider Long Positions:
Given all these factors, we should consider exceptionally long positions. We may enter the market after a smooth downward correction, in order to get a more profitable entry point. A stop loss may be placed below the strong support level.
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 price demonstrated a confident and sharp growth supported by the large volume yesterday. Furthermore, the large positive delta denotes that buyers are prevailing the market at the moment.
Volume Zones:
It is necessary to allocated a very important level of support 1.2400, which contains the large volume and has been already tested.
Sentiment:
This indicator shows that 57% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c27/1909/48/7402a80cdc9c.png
Consider Long Positions:
Given all these factors, we should consider exceptionally long positions. We may enter the market after a smooth downward correction, in order to get a more profitable entry point. A stop loss may be placed below the strong support level.
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 -
