Orderflow
BAL ENTRIES AND 2X TRADEHey traders,
Just wanted quickly share my BAL chart that I have been looking at recently. BAL is one of the only cryptos that have already retraced back to its Jan open, making me comfortable to buy. As you can see this analysis is a larger timeframe analysis so there's more flexible of entries.
Please like and follow for more detailed Price Action breakdowns and updates on my charts, and happy trading to all.
AUDUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal:
The price continued falling and totally absorbed the previous sharp surge, which shows the weakness of buyers. Moreover, the rise was supported by the large institutional volume and negative delta, which demonstrates an imbalance of short positions now (sales > purchases).
Volume Zones:
The price is currently testing the support level/local minimum 0.7450.
Sentiment:
This indicator shows that 61% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
c.radikal.ru
Consider Short Positions:
Given all these factors, we may consider a breakdown of the support level, which will entitle us to open sales. The move must be rapid, sharp and supported by the large volume, which will be a more accurate signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 80 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
EURUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal:
The price resumed falling and totally absorbed the previous surge, which shows the weakness of the buyers. Moreover, the move was supported by the large institutional volume and negative delta, which implies an imbalance of sales at the moment.
Volume Zones:
It is necessary to point out a level of support/local minimum 1.1824. The price is testing this mark at the moment.
Sentiment:
This indicator shows that 71% 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 entitle us to open sales. The move must be keen and supported by the large volume, which will be a more accurate signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
Around 120 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -