Strong Bullish Signal:
The price demonstrated an abrupt and confident rise and broke out the previous level of resistance. Moreover, the move was supported by the large volume and positive delta, which means that buyers are dominating the market and propelled the price up.
Volume Zones:
We need to allocate the new volume level of resistance 1765.50 - 1769.10. The price is trading nigh this mark now.
Sentiment:
This indicator shows that 65% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c12/2104/ed/f652963d1941.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 300 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 an abrupt and confident rise and broke out the previous level of resistance. Moreover, the move was supported by the large volume and positive delta, which means that buyers are dominating the market and propelled the price up.
Volume Zones:
We need to allocate the new volume level of resistance 1765.50 - 1769.10. The price is trading nigh this mark now.
Sentiment:
This indicator shows that 65% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c12/2104/ed/f652963d1941.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 300 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
