Orderflow
NEUTRAL XAUUSD on Order Flow - Follow the smart money! Technical outlook:
The price of gold continues trading within the local range between 2 volume levels. Besides it, we must point out that the large volume accumulation is located inside this zone, which means that the smart money are gaining new positions.
Volume Zones:
We have to highlight 2 volume levels: support 1770.00 and resistance 1798.20.
Sentiment:
This indicator shows that 72% retails traders are in long positions, which is a bearish signal for us (trading against the "crowd").
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Consider New Positions:
Given all these factors, we should ponder new positions only after a sharp and confident exit of the price from this range, which will be a good signal for a start of the new trend. A stop loss may be placed below/above the breakout volume bar.
Profit Potential:
For short positions - more than 250 points, for long - >200 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
GBPUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal:
The price resumed falling and now is testing the support level. Yes, the price has already done that and did not break it down, on the other hand, it did not show any sharp or significant correction or bounce up. It shows a weakness of buyers as they can't propel the price up. Moreover, there is a strong downtrend, which is also a good bearish signal.
Volume Zones:
It is crucial to highlight the level of support 1.3220 - 1.3245,which contains the large volume and has been already tested. Nevertheless, the price is still trading near it.
Sentiment:
This indicator shows that 72% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
d.radikal.ru
Consider Short Positions:
Given all these factors, we may regard a breakdown of the support level, which will open the road for the further fall. The move must be keen and 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 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Smart Money SHORT | CADJPYLooking to keep with the bearish orderflow. There is a nice unmitigated 15min Supply level.
Lets see if we can get price to get to where we need.
***Disclaimer; Please do not copy my trades and take them as I am aware that I lose more trades than I win but when I win I have greater R:R than most. So, please do not take these trades without doing your own back testing and forward testing. IT IS NOT A SIGNAL***
Smart Money SHORT | AUDJPYLooking to see if we can get mitigation of the 1H Supply level that has been left behind.
Will look to take price first and foremost to the Daily demand level currently sitting just below structure
***Disclaimer; Please do not copy my trades and take them as I am aware that I lose more trades than I win but when I win I have greater R:R than most. So, please do not take these trades without doing your own back testing and forward testing. IT IS NOT A SIGNAL***
Smart Money LONG | EURAUDLooking at EURAUD I am keeping a firm eye on how we approach this Daily supply area.
For now, because we are going with the structure I am still looking for potential long entries at the 15min Demand level up to at least the Daily supply zone.
Lets see how price plays out
***Disclaimer; Please do not copy my trades and take them as I am aware that I lose more trades than I win but when I win I have greater R:R than most. So, please do not take these trades without doing your own back testing and forward testing. IT IS NOT A SIGNAL***
USDCAD LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The pair showed a sharp growth and tested the level of resistance. The price did not break it out, but is still trading near it + a correction was smooth, which shows the weakness of sellers. Besides it, 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 movement up.
Volume Zones:
We need to highlight an important level of resistance 1.2820 - 1.2829, which contains the large volume and has been already tested.
Sentiment:
This indicator shows that 74% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
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Consider Long Positions:
Given all these factors, we may ponder a breakout of the resistance level, which will be a great bullish signal. The rise must be abrupt and supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Smart Money SHORT | GBPAUDLooking for a potential short entry on a 5min POI
We have had a break of bullish structure signaling we could move lower.
Lets see what happens at this level
***Disclaimer; Please do not copy my trades and take them as I am aware that I lose more trades than I win but when I win I have greater R:R than most. So, please do not take these trades without doing your own back testing and forward testing. IT IS NOT A SIGNAL***