USDWTI LONG on Order Flow - Follow the smart money!
Strong Bullish Signal:
The pair showed a sharp growth supported by the large volume and huge positive delta, which means that the smart money pushed the price up.
Volume Zones:
It is necessary to point out the new level of resistance 62.80, which contains the large volume. Now the price is trading near this mark.
Sentiment:
This indicator shows that 58% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d38/1909/42/564d39dab314.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 200 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The pair showed a sharp growth supported by the large volume and huge positive delta, which means that the smart money pushed the price up.
Volume Zones:
It is necessary to point out the new level of resistance 62.80, which contains the large volume. Now the price is trading near this mark.
Sentiment:
This indicator shows that 58% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d38/1909/42/564d39dab314.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 200 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
