Strong Bullish Signal:
The price showed a sharp and confident growth supported by the huge volume, which means that the smart money pushed the pair up. The large positive delta supports this theory.
Volume Zones:
We need to allocated the new volume level of resistance 1.2688. The price corrected down after its formation, but is still trading near it.
Sentiment:
This indicator shows that 75% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c25/1910/66/69becd7cf3e8.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 150 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 showed a sharp and confident growth supported by the huge volume, which means that the smart money pushed the pair up. The large positive delta supports this theory.
Volume Zones:
We need to allocated the new volume level of resistance 1.2688. The price corrected down after its formation, but is still trading near it.
Sentiment:
This indicator shows that 75% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c25/1910/66/69becd7cf3e8.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 150 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
