AUDUSD SHORT on Order Flow - Follow the smart money!
Strong Bearish Signal:
The pair continued falling, moreover, the drop of the price was supported by the large volume. It means that the smart money pushed pair down.
Volume Zones:
It is necessary to point out the new level of resistance 0.6958. This level contains the large volume, which means that institutional players opened theyr positions within it.
Sentiment:
This indicator shows that 93% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b15/1905/fc/6ca2f726a7b8.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We can 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 new resistance.
Profit Potential:
More than 80 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 continued falling, moreover, the drop of the price was supported by the large volume. It means that the smart money pushed pair down.
Volume Zones:
It is necessary to point out the new level of resistance 0.6958. This level contains the large volume, which means that institutional players opened theyr positions within it.
Sentiment:
This indicator shows that 93% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b15/1905/fc/6ca2f726a7b8.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We can 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 new resistance.
Profit Potential:
More than 80 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
