AUDUSD LONG on Order Flow - Follow the smart money!
Strong Bullish Signal:
The price demonstrated a sharp growth and broke out the previous the level of resistance. The move was on the large volume and positive delta, so that we may assume that the smart money pushed the price up and buyers are prevailing the market.
Volume Zones:
It is necessary to point out the new level of support 0.7007, which contains the large volume.
Sentiment:
This indicator shows that 80% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c19/1907/18/c96c8e7282bf.png
Consider Long Positions:
Given all these factors, we should give advantage to long positions. We may enter the market after a smooth downward correction, in order to get a better entry point. A stop loss may be placed below the level of support.
Profit Potential:
More than 80 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The price demonstrated a sharp growth and broke out the previous the level of resistance. The move was on the large volume and positive delta, so that we may assume that the smart money pushed the price up and buyers are prevailing the market.
Volume Zones:
It is necessary to point out the new level of support 0.7007, which contains the large volume.
Sentiment:
This indicator shows that 80% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c19/1907/18/c96c8e7282bf.png
Consider Long Positions:
Given all these factors, we should give advantage to long positions. We may enter the market after a smooth downward correction, in order to get a better entry point. A stop loss may be placed below the level of support.
Profit Potential:
More than 80 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
