GBPUSD LONG on Order Flow - Follow the smart money!
Strong Bullish Signal:
The price demonstrated an abrupt rise supported by the large volume and huge positive delta. These indicators imply that the buyers are dominating among the smart money and exactly they pushed the price upwards. .
Volume Zones:
We need to allocated a new level of support 1.2400, which contains the large volume.
Sentiment:
This indicator shows that 60% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b42/1909/cb/253cadc07d21.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 better entry point. A stop loss should be placed below the new level of support.
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 an abrupt rise supported by the large volume and huge positive delta. These indicators imply that the buyers are dominating among the smart money and exactly they pushed the price upwards. .
Volume Zones:
We need to allocated a new level of support 1.2400, which contains the large volume.
Sentiment:
This indicator shows that 60% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b42/1909/cb/253cadc07d21.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 better entry point. A stop loss should be placed below the new level of support.
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 -
