Strong Bearish Signal:
The demonstrated a huge drop supported by large institutional volume and negative delta. It means that that is a significant sales imbalance.
Volume Zones:
We need to point out the level of support/local minimum 1.3500, which contains the large volume. Now the price is testing the mark.
Sentiment:
This indicator shows that 77% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a36/2007/33/261529cd4fdf.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after the sharp breakdown of the support level. The sink must be 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 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 demonstrated a huge drop supported by large institutional volume and negative delta. It means that that is a significant sales imbalance.
Volume Zones:
We need to point out the level of support/local minimum 1.3500, which contains the large volume. Now the price is testing the mark.
Sentiment:
This indicator shows that 77% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a36/2007/33/261529cd4fdf.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after the sharp breakdown of the support level. The sink must be 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 120 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
