Strong Bearish Signal:
The price demonstrated a huge drop supported by large institutional volume and negative delta. Therefore, we may presume that exactly the smart money pushed the price down.
Volume Zones:
The volume was evenly spread throught the movement on Friday, so that we can't allocate any new volume level or zone.
Sentiment:
This indicator shows that 92% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b05/1909/e6/10343326bfc7.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the beginning of the keen sink.
Profit Potential:
More than 100 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 a huge drop supported by large institutional volume and negative delta. Therefore, we may presume that exactly the smart money pushed the price down.
Volume Zones:
The volume was evenly spread throught the movement on Friday, so that we can't allocate any new volume level or zone.
Sentiment:
This indicator shows that 92% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b05/1909/e6/10343326bfc7.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the beginning of the keen sink.
Profit Potential:
More than 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
