Strong Bullish Signal:
The pair showed a sharp growth supported by the increased volume. Moreover, the large positive delta shows that buyers are dominating the market.
Volume Zones:
The volume was evenly spread throught the move, so that we can't point out any new volume level or zone.
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 may be placed below the support level.
Profit Potential:
More than 50 pips.
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 supported by the increased volume. Moreover, the large positive delta shows that buyers are dominating the market.
Volume Zones:
The volume was evenly spread throught the move, so that we can't point out any new volume level or zone.
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 may be placed below the support level.
Profit Potential:
More than 50 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
