EURUSD SHORT on Order Flow - Follow the smart money!
Strong Bearish Signal: The price demonstrated a huge drop supported by large institutional volume and broke through the previous support level, which is a great bearish signal. Volume Zones: Volume was evenly spread across the movement, hence we can't point out any new volume level or zone. Sentiment: This indicator shows that 85% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd"). https://d.radikal.ru/d25/2111/5b/14d7a8ece2eb.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 beginning of the breakdown movement. Profit Potential: More than 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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