Strong Bearish Signal: The pair demonstrated a huge drop supported by the large institutional volume and negative delta. It denotes that there is a significant sales imbalance at the moment. Volume Zones: It is necessary to point out the support level/local minimum 1787.30. The price is currently testing it. Sentiment: This indicator shows that 76% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd"). https://d.radikal.ru/d39/2102/10/dda3f4ba694a.png Consider Short Positions: Given all these factors, we should consider exceptionally short positions. We may enter the market after a keen breakdown of the support level. The move 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 300 points.
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