XAUUSD SHORT on Order Flow - Follow the smart money!
Strong Bearish Signal:
THe price demonstrated a huge drop supported by the large institutional volume and broke through the previous support level. Moreover, huge negative delta means that sellers are prevailing the market now.
Volume Zones:
This formed a new level of resistance, which contains large market participants volume and was created during this move at 1816.00 - 1820.00 zone.
Sentiment:
This indicator shows that 75% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d21/2111/a0/ba4d2e8e8fe4.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may 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 level.
Profit Potential:
More than 350 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 demonstrated a huge drop supported by the large institutional volume and broke through the previous support level. Moreover, huge negative delta means that sellers are prevailing the market now.
Volume Zones:
This formed a new level of resistance, which contains large market participants volume and was created during this move at 1816.00 - 1820.00 zone.
Sentiment:
This indicator shows that 75% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d21/2111/a0/ba4d2e8e8fe4.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may 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 level.
Profit Potential:
More than 350 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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