GBPUSD LONG on Order Flow - Follow the smart money!
Strong Bullish Signal:
The price showed a keen and confident surge supported by the large volume, which means that the smart money pushed the price up.
Volume Zones:
We need to allocate an important level of resistance/local maximum 1.4148. The price is currently testing this mark.
Sentiment:
This indicator shows that 86% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d00/2105/20/0d71bbd633a0.png
Consider Long Positions:
Given all these factors, we may ponder a breakout of the resistance level, which will consent us to open long positions. The surge must be sharp and supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 150 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 showed a keen and confident surge supported by the large volume, which means that the smart money pushed the price up.
Volume Zones:
We need to allocate an important level of resistance/local maximum 1.4148. The price is currently testing this mark.
Sentiment:
This indicator shows that 86% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d00/2105/20/0d71bbd633a0.png
Consider Long Positions:
Given all these factors, we may ponder a breakout of the resistance level, which will consent us to open long positions. The surge must be sharp and supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 150 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
