AUDUSD LONG on Order Flow - Follow the smart money!
Strong Bullish Signal:
The pair showed a sharp growth and now is testing the level of resistance. The surge was on the large volume, so that we may assume that the smart money pushed the price up. It increases the possibility of the further surge.
Volume Zones:
We need to point out an important level of resistance 0.7252 - 0.7262.
Sentiment:
This indicator shows that 80% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c05/2008/4e/9012c5c4027b.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 70 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The pair showed a sharp growth and now is testing the level of resistance. The surge was on the large volume, so that we may assume that the smart money pushed the price up. It increases the possibility of the further surge.
Volume Zones:
We need to point out an important level of resistance 0.7252 - 0.7262.
Sentiment:
This indicator shows that 80% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://c.radikal.ru/c05/2008/4e/9012c5c4027b.png
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 70 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
