USDWTI SHORT on Order Flow - Follow the smart money!
Strong Bearish Signal:
The price demonstrated a huge drop supported by large institutional volume, which is a great bearish signal. The large negative delta only increases its role.
Volume Zones:
We need to point out the level of support 60.60, which contains the large volume.
Sentiment:
This indicator shows that 67% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b40/1905/fa/2ec49d50963a.png
Consider Short Positions:
Given all these factors, we may regard a scenario of a breakdown of the support level, which will consent us to open short positions. The drop must be supported by the large volume, which will be a more precise signal for entering the market. A stop loss may be placed above the breakdown 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 demonstrated a huge drop supported by large institutional volume, which is a great bearish signal. The large negative delta only increases its role.
Volume Zones:
We need to point out the level of support 60.60, which contains the large volume.
Sentiment:
This indicator shows that 67% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://b.radikal.ru/b40/1905/fa/2ec49d50963a.png
Consider Short Positions:
Given all these factors, we may regard a scenario of a breakdown of the support level, which will consent us to open short positions. The drop must be supported by the large volume, which will be a more precise signal for entering the market. A stop loss may be placed above the breakdown 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 -
