GBPUSD LONG on Order Flow - Follow the smart money!

avatar
· 阅读量 1,153

#GBP/USD#

GBPUSD LONG on Order Flow - Follow the smart money!

Strong Bullish Signal:
The Pound demonstrated an abrupt and sharp growth supported by the large volume and positive delta. Moreover, the pair has already broke out the previous resistance level . All these factors show the strength of buyers at the moment.
Volume Zones:
The volume was evenly spread throughout the chart, hence, we can't allocate any new levels or zones.
Sentiment:
This indicator shows that 75% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d32/2006/...
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, in order to get a better entry point. A stop loss should be placed below a sharp bullish momentum.
Profit Potential:
More than 130 pips.

To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -

 

风险提示:本文所述仅代表作者个人观点,不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证,对于基于该内容所采取的任何行为,不承担任何责任,除非另有书面明确说明。

喜欢的话,赞赏支持一下
avatar
回复 0

加载失败()

  • tradingContest