AUDUSD SHORT on Order Flow - Follow the smart money!
Strong Bearish Signal:
The price demonstrated a huge drop supported by the large institutional volume, which means that the smart money pushed the pair down. Moreover, we have to highlight a strong downtrend.
Volume Zones:
It is necessary to point out a new support level 0.7188 - 0.7193, which contains the large volume. The price is currently trading nigh this mark.
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/d18/2111/ae/577751f0bf75.png
Consider Short Positions:
Given all these factors, we should regard a breakdown of the support level, which will allow us to open sales. The move must be keen and supported by the large volume, which will be a more reliable entry point. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 80 points.
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, which means that the smart money pushed the pair down. Moreover, we have to highlight a strong downtrend.
Volume Zones:
It is necessary to point out a new support level 0.7188 - 0.7193, which contains the large volume. The price is currently trading nigh this mark.
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/d18/2111/ae/577751f0bf75.png
Consider Short Positions:
Given all these factors, we should regard a breakdown of the support level, which will allow us to open sales. The move must be keen and supported by the large volume, which will be a more reliable entry point. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 80 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
כתב ויתור
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