Strong Bearish Signal:
The pair demonstrated a huge drop supported by the increased institutional volume and broke through the previous support level. The increased negative delta means that sellers are prevailing the market.
Volume Zones:
The volume was evenly spread throughout the movement, so that we can't point out any new volume level or zone.
Sentiment:
This indicator shows that 90% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c01/1907/3f/c4909be24cbd.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 breakdown move.
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 pair demonstrated a huge drop supported by the increased institutional volume and broke through the previous support level. The increased negative delta means that sellers are prevailing the market.
Volume Zones:
The volume was evenly spread throughout the movement, so that we can't point out any new volume level or zone.
Sentiment:
This indicator shows that 90% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c01/1907/3f/c4909be24cbd.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 breakdown move.
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 -
