Strong Bullish Signal:
The price continued rising on the increased volume and large positive delta, so that the probability of the further rise is very high.
Volume Zones:
We need to allocated an important level of support 1320.46, which contains the large volume. It means that the smart money holds positions in it.
Sentiment:
This indicator shows that 84% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a15/1906/23/72aa4df15208.png
Consider Long Positions:
Given all these factors, we should consider exceptionally long positions. We may enter the market after a smooth downward correction, in order to get a more profitable entry point. A stop loss may be placed above the new support.
Profit Potential:
More than 150 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 continued rising on the increased volume and large positive delta, so that the probability of the further rise is very high.
Volume Zones:
We need to allocated an important level of support 1320.46, which contains the large volume. It means that the smart money holds positions in it.
Sentiment:
This indicator shows that 84% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a15/1906/23/72aa4df15208.png
Consider Long Positions:
Given all these factors, we should consider exceptionally long positions. We may enter the market after a smooth downward correction, in order to get a more profitable entry point. A stop loss may be placed above the new support.
Profit Potential:
More than 150 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
