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Orderflow

USDCAD Bearish Reversal CycleGood afternoon ladies & gents, USDCAD will most likely start it's Bearish Cycle today and NFP is likely to be the catalyst. After trading up into the Weekly Inflection point, we saw a sharp rejection to the downside. Price has presented us with D1 SMT Divergence allowing DXY to fill the imbalance above and USDCAD has filled the imbalance above whilst not making a new high. In light of this, I do anticipate a short to occur today (Bearish Sentiment on DXY) and today, it's possible to enter with a stop above the highs. Many opportunities to enter next week if not today. Disclaimer: This is my idea, take and execute this idea at your own risk and discretion. Remember to manage your risk appropriate on the off chance that I'm wrong. -AmplaFX
Short
by Jiraiya_eth
EURUSD TRADE on Order Flow - Follow the smart money! Technical overview: The price demonstrated a significant growth after the formation of the new support level. The move was sharp and supported by the large volume, however, the price is trading inside the local range right now. Volume Zones: It is important to point out the boundaries of the local consolidation. They are the support 1.1824 and the resistance 1.1952. Consider New Positions: Given all these factors, we may regard new positions only after the keen and confident exit of the price from the range. The breakout move must be supported by the large volume, which will be a more prcise signal for entering the market. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
by VARIANSE
CADJPY, Continuation to Monthly Highs & BeyondGood morning ladies & gents, This is an area of inflection I've been eye'ing up since Saturday morning. An entry off the H4 Chart is available, although I'll personally be looking for a lower time frame entry as a way to mitigate risk & increase risk to reward ratio. After a significant retracement and multiple respect of the retail trendline, I'd imagine that these areas above act as a great take profit areas for this long position. I'll be looking to scale out some profit at each objective. Should this level not hold and breaks to the downside, I'll be looking in my secondary & tertiary buy zones for the reversal that will take place. Disclaimer: This is my idea, the entry specified on the chart may or may not reflect my personal entry. Take this trade at your own risk & discretion. Always remember to manage your risk well.
Long
by Jiraiya_eth
2
XAUUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal: The price demonstrated a huge drop supported by the large institutional volume and broke through the previous support level. It means that exactly the smart money pushed the price down. Volume Zones: It is necessary to allocate the new volume level of support 1752.50 - 1755.50. The price is trading nigh this mark now. Sentiment: This indicator shows that 69% 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 allow us to open short positions. The move must be keen and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed above the breakdown volume bar. Profit Potential: More than 400 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
OANDA:XAUUSDShort
by VARIANSE
GBPUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal: The price tested the resistance level, but could not break it out. Moreover, the large volume is concentrated within the test, which implies that the smart money has positions inside this zone. Volume Zones: It is necessary to allocate the resistance level 1.3925 - 1.3934, which contains the large volume. Sentiment: This indicator shows that 59% 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 should consider exceptionally short positions. We may enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the new resistance. Profit Potential: Around 100 points. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Short
by VARIANSE
USDJPY LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The price continued rising and totally absorbed the previous fall, which shows a weakness of sellers. Volume Zones: We need to point out an important level of resistance/level of resistance 110.81. The price is testing this mark at the moment. Sentiment: This indicator shows that 79% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). a.radikal.ru 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 120 points. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Long
by VARIANSE