GBPUSD SHORT on Order Flow - Follow the smart money!
Strong Bearish Signal:
The price demonstrated a huge drop supported by the large institutional volume, which implies that the smart money pushed the pair down.
Volume Zones:
It is necessary to point out the new support level/local minimum 1.2780. The price is currently testing this mark.
Sentiment:
This indicator shows that 64% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a11/2009/3e/28b6f353a7d2.png
Consider Short Positions:
Given all these factors, we may reckon a breakdown of the support level. It will be a great bearish signal. The sink must be keen and supported by the large volume, which will be a more accurate signal for entering the market. A stop loss may be placed above the breakdown volume bar.
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 demonstrated a huge drop supported by the large institutional volume, which implies that the smart money pushed the pair down.
Volume Zones:
It is necessary to point out the new support level/local minimum 1.2780. The price is currently testing this mark.
Sentiment:
This indicator shows that 64% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a11/2009/3e/28b6f353a7d2.png
Consider Short Positions:
Given all these factors, we may reckon a breakdown of the support level. It will be a great bearish signal. The sink must be keen and supported by the large volume, which will be a more accurate signal for entering the market. A stop loss may be placed above the breakdown volume bar.
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 -
