XAUUSD SHORT on Order Flow - Follow the smart money!
Strong Bearish Signal:
The pair showed a sharp drop supported by the large institutional volume, which means that the smart money pushed the price down.
Volume Zones:
The price is currently testing the support level/local minimum 1681.00 - 1686.00.
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://c.radikal.ru/c43/2103/e8/dfc936bc2a18.png
Consider Short Positions:
Given all these factors, we may regard a breakdown of the support level, which will consent us to open short positions. The move 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 400 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The pair showed a sharp drop supported by the large institutional volume, which means that the smart money pushed the price down.
Volume Zones:
The price is currently testing the support level/local minimum 1681.00 - 1686.00.
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://c.radikal.ru/c43/2103/e8/dfc936bc2a18.png
Consider Short Positions:
Given all these factors, we may regard a breakdown of the support level, which will consent us to open short positions. The move 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 400 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
