Strong Bullish Signal:
The price showed a confident and sharp growth supported by the increased volume. Moreover, the large positive delta implies that buyers are prevailig the market at the moment.
Volume Zones:
We need to allocated the level of resistance 18.40, which contains the large volume.
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 50 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 confident and sharp growth supported by the increased volume. Moreover, the large positive delta implies that buyers are prevailig the market at the moment.
Volume Zones:
We need to allocated the level of resistance 18.40, which contains the large volume.
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 50 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
