GBPUSD LONG on Order Flow - Follow the smart money!
Strong Bullish Signal:
The price demonstrated an abrupt and confident growth and broke our the previous resistance level. Moreover, the large volume and positive delta means that institutional players pushed the price upwards.
Volume Zones:
The volume was evenly spread throught the movement, so that we can't point out any new volume level or zone.
Sentiment:
This indicator shows that 60% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b22/1909/92/278a7bf646a0.png
Consider Long Positions:
Given all these factors, we should prefer a scenario of opening long positions. We may enter the market after a smooth downward correction of the price, in order to get a better entry point. A stop loss should be placed below the beginning of the breakout movement.
Profit Potential:
More than 140 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 demonstrated an abrupt and confident growth and broke our the previous resistance level. Moreover, the large volume and positive delta means that institutional players pushed the price upwards.
Volume Zones:
The volume was evenly spread throught the movement, so that we can't point out any new volume level or zone.
Sentiment:
This indicator shows that 60% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b22/1909/92/278a7bf646a0.png
Consider Long Positions:
Given all these factors, we should prefer a scenario of opening long positions. We may enter the market after a smooth downward correction of the price, in order to get a better entry point. A stop loss should be placed below the beginning of the breakout movement.
Profit Potential:
More than 140 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
