Euro / U.S. DollarShort
EURUSD SHORT on Order Flow - Follow the smart money!
Strong Bearish Signal:
The euro corrected up yesterday, but after the appearance of the large volume on the top of this movement, the price resumed falling. The downward movement was sharp and supported by large volume. This means that the smart money re-entered the market and pushed the price further down. The large negative delta shows that sellers still dominate the market.
Volume Zones:
We need to allocate the volume level of resistance 1.1131– 1.1140.
Sentiment:
This indicator shows that 72% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d21/2001/fe/8c8a859f0b04.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a smooth upward correction on the small volume, in order to get a more profitable entry point. A stop loss may be placed either above the local maximum (more risky) or above the resistance (more safe).
Profit Potential:
Around 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The euro corrected up yesterday, but after the appearance of the large volume on the top of this movement, the price resumed falling. The downward movement was sharp and supported by large volume. This means that the smart money re-entered the market and pushed the price further down. The large negative delta shows that sellers still dominate the market.
Volume Zones:
We need to allocate the volume level of resistance 1.1131– 1.1140.
Sentiment:
This indicator shows that 72% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d21/2001/fe/8c8a859f0b04.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a smooth upward correction on the small volume, in order to get a more profitable entry point. A stop loss may be placed either above the local maximum (more risky) or above the resistance (more safe).
Profit Potential:
Around 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
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