Strong Bearish Signal:
The price demonstrated a huge drop supported by large institutional volume, which means that the smart money pushed the price downwards.
Volume Zones:
We should point out the level of support 52.60-52.85, which is being tested by the price now.
Sentiment:
This indicator shows that 82% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a41/2001/47/eb6d1ce4591f.png
Consider Short Positions:
Given all these factors, we may consider a scenario of the breakdown of this mark. The drop must be keen and supported by the large volume, which will be a more precise signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 200 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, which means that the smart money pushed the price downwards.
Volume Zones:
We should point out the level of support 52.60-52.85, which is being tested by the price now.
Sentiment:
This indicator shows that 82% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a41/2001/47/eb6d1ce4591f.png
Consider Short Positions:
Given all these factors, we may consider a scenario of the breakdown of this mark. The drop must be keen and supported by the large volume, which will be a more precise signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 200 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.