Strong Bearish Signal:
The price continued fall, moreover, the drop was supported by large institutional volume and negative delta. It means that sellers are still dominating the market at the moment.
Volume Zones:
Our previous volume level of resistance 1.0997 - 1.1007 is still actual.
Sentiment:
This indicator shows that 91% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c37/2002/1b/cef3634058ee.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a smooth upward correction on the small volume, which will give us a better entry point. A stop loss may be placed above the resistance 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 continued fall, moreover, the drop was supported by large institutional volume and negative delta. It means that sellers are still dominating the market at the moment.
Volume Zones:
Our previous volume level of resistance 1.0997 - 1.1007 is still actual.
Sentiment:
This indicator shows that 91% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c37/2002/1b/cef3634058ee.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a smooth upward correction on the small volume, which will give us a better entry point. A stop loss may be placed above the resistance 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 -
