Strong Bullish Signal:
The price showed an abrupt growth supported by the large volume and increased positive delta, which means that institutional players are prevailing the market now.
Volume Zones:
We need to point out an important level of resistance 1516.20, which contains the large volume. The pair is trading nigh this mark now.
Sentiment:
This indicator shows that 67% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c33/1911/e7/b0a8ede693f2.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 showed an abrupt growth supported by the large volume and increased positive delta, which means that institutional players are prevailing the market now.
Volume Zones:
We need to point out an important level of resistance 1516.20, which contains the large volume. The pair is trading nigh this mark now.
Sentiment:
This indicator shows that 67% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c33/1911/e7/b0a8ede693f2.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 -
