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EURUSD 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. Given that the recent downward correction has been totally absorbed, we may state that sellers are weak at the moment. Volume Zones: We need to point out an important level of resistance/local maximum 1.1895. The price is currently testing it. Sentiment: This indicator shows that 74% 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 rise must be keen 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 -
Long
by VARIANSE
AUDUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The pair continued growing yesterday. The move was confident and keen, hence, the uptrend is going on. Volume Zones: We need to allocated an important level of resistance/local maximum 0.7335. The price is currently testing this mark. Sentiment: This indicator shows that 77% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). b.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 70 pips. 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
1
Update: Is Bitcoin Going Parabloc? - YesLast time I made a similar post about Bitcoin's parabolic behaviour, we were still below 15k. Only 11 days later and we might already be hitting 17k soon. Bullish sentiment is higher than ever. Together with the stock markets, Bitcoin profits from the US elections and the reduction in uncertainty. Pair this bullish sentiment with the constant addition of USDT into the market and we have a recipe for parabolic growth. The next minor resistance is around 17k. Consider taking some profits there. If the price manages to beat the 17k resistance like it did with the 14k major resistance, there's nothing stopping Bitcoin from reaching 20k again.
Long
by FieryTrading
XAUUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal: The pair tested the support level, however, could not break it down. Nevertheless, the further upward correction was smooth and on the small volume, so we can't cogitate is as a reversal signal. Volume Zones: It is necessary to allocate an important support level 1854.00 - 1857.60. The price is currently trading near it. Sentiment: This indicator shows that 66% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd"). b.radikal.ru Consider Short Positions: Given all these factors, our previous scenario remains actual. We may ponder a support level breakdown, which will allow us to open short positions. The drop 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 300 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
XAUUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal: The pair demonstrated a huge drop supported by the large institutional volume and broke through the previous support level. Moreover, the large negative delta means that there is a significant sales imbalance. Volume Zones: We need to point out the new support level 1854.00 - 1857.60, which contains the large volume. The price is currenty trading near it. Sentiment: This indicator shows that 65% 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 should consider exceptionally short positions. We may enter the market after a keen breakdown of the support level. The move must be 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 300 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
Huge bounce incoming - bids set between 6.8K and 7.2K Dear traders, Intro: My name is Hugo, I am 24 years old and trading crypto currencies since late 2017. English is not my main language, however, I will try to explain everything brief and clear. Be aware that I am still in the learning curve. Every idea I post is not financial advice and is only meant for entertainment purposes only. Analysis: In this scenario I personally think that whales want to squeeze longs down to 7K and then swiftly blast through 10K resistance. For this analysis I used the 'Fixed Range Vpvr' and the 'Fib Retracement' to see at what level I should set my limit buy orders. You can clearly see a huge support level at the 0.5 fib level. Therefore, I think lots of retail traders will sell if the 0.5 fib level breaks, which in turn will provide whales with a enough long liquidity to fuel a huge bounce. Conclusion: I do not recommend shorting this to 7K. I do recommend setting limit buy orders between 6.8K and 7.2K. And of course always have your stops in place. Goodluck! Doctor Hugo
BITSTAMP:BTCUSDLong
by Doctorhugo3
5
Weekly Market recap 7Elections week rollercoaster After the last week's wild price action related to the US Elections, DXY erased my expectations about any sort of USD recovery. DXY went from the top of the 3-months range to the bottom (currently testing the grey area). The last line of defence before the downtrend in USD resumes is around 91.75 low (Black horizontal line at the bottom of the range). I will be aggressively bearish on USD when that low is broken down. Two scenarios 1)Risk assets (see NZDUSD and S&P500) are currently testing or slightly pierced their resistances. So we need a decisive impulse in either direction to have a clearer perspective on the sentiment this week. My bias is on the DXY breakdown and the start of risk-seeking sentiment. 2)If risk sentiment begins, NZDUSD seems to have relative strength, so I'd be considering buying it over other risk currencies. On the other hand, looking at the USDJPY, we can see a long-term descending triangle that had just broken down on November 5. I expect USD to be relatively weak currency among safe-havens. Shorting USD looks like a good idea to me.
TVC:DXY
by Cherry94
USDJPY 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. This is a great bearish signal as it shows the weakness of buyers. Volume Zones: The volume was evenly spread across the movement, hence, we can't allocate any new volume level or zone. Sentiment: This indicator shows that 75% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd"). a.radikal.ru Consider Short Positions: Given all these factors, we should regard 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 beginning of the sink. 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 -
Short
by VARIANSE
EURUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal: The price corrected upwards, however, is failed to continue rising and sharply fell down. The downward movement totally swallowed this surge, which shows the weakness of buyers. The large volume during the drop means that the smart money propelled the pair down. Volume Zones: We need to point out the new support level of support/local minimum 1.1625. Consider Short Positions: Given all these factors, we may regard a scenario of the new support level breakdown, which will consent us to open short positions. The sink 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 100 pips. 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
EURUSD 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 the smart money pushed the pair downwards. Volume Zones: This formed a new level of resistance, which contains large market participants volume and was created during this move from 1.1691– 1.1704. This level has been already tested, which only strengthens its importance. Sentiment: This indicator shows that 56% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd"). b.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: 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 -
Short
by VARIANSE
EURUSD 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. Moreover, the large negative delta means that there is a significant sales imbalance in the market now. Volume Zones: It is necessary to point out the new support level 1.1658 - 1.1665, which contains the large volume. The price is testing this mark at the moment. Sentiment: This indicator shows that 54% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd"). a.radikal.ru Consider Short Positions: Given all these factors, we should consider exceptionally short positions. We may enter the market after a keen breakdown of the support level. The sink must be supported by the large volume, which will insure us against a fake breakdown. A stop loss may be placed above the breakdown 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 -
Short
by VARIANSE
XAUUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal: The price demonstrated a huge drop supported by large institutional volume and broke through the previous support level. Moreover, the movement was supported by the large negative delta, which shows the presence of the large sales imbalance. Volume Zones: It is necessary to point out the new support level 1874.70. The price is currently trading near it. Sentiment: This indicator shows that 69% 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 sharp breakdown of the new support level. The movement must be keen and supported by the large volume, which will be a more precise signal for entering the market. A stop loss should be placed above the breakdown volume bar. Profit Potential: Around 200 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
UPDATE - WARNING - Imminent Bitcoin Drop to 9200My previous posting still stands, but I've 'zoomed' in to the 4hr chart to provide you more detail. This is most likely the end of a 'c' of 'b' of 2 . I'm telling you, there is WAYYYY too much bullish sentiment right now. Everyone thinks we are mooning which means a drop is incoming. Note the beautifully formed triangle in wave 'b.' if we were going higher, this triangle wouldn't exist as it violates Elliott Wave Theory rules . (Wave 2 is NEVER a triangle by itself) This means it is more than likely a 'b' wave. Adjusting for the end of the triangle gives us a beautiful symmetry, also supporting the idea of this being an upward correction that's now ending with the near term downtrend to resume. Looking at the PURPLE ARROWS and using longer term wave 'a' as a baseline, you can see the target for wave 'c' of 9,200 before the fireworks really begin. There is some big SMA resistance on the way down, but overall sentiment wasn't crushed enough in this recent correction. It is possible we extend past 9,200, but I won't get into those targets until I have confirmation that my count is likely correct. Between current price and my predicted price of 9,200, we have several strong support levels to break, so my 9,200 might not be touched, so look at this as prediction of the short-term direction, not trading advice. I firmly believe we are falling, and accounting for typical symmetry and EWT rules, 9,200 is the roughly calculated result. Not my 'trading target' as I don't try to catch falling knives. I do see the above wave count as being the most probable . What do you think? I hope I'm wrong as I want my portfolio to explore the stratosphere as well. Don't let your confirmation bias encroach on your ability to reason. If you're sitting there seeing a potential rise in Bitcoin because it's what you are hoping or needing, then it most likely means you're wrong. JE
BYBIT:BTCUSD.PShort
by DataMaestro
4
EURUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The pair showed a sharp growth and broke out the previous level of resistance. The move was on the large positive delta, hence, buyers are dominating the market now. Volume Zones: It is necessary to point out the new resistance level 1.1779 - 1.1786. The price is testing this mark at the moment. Sentiment: This indicator shows that 71% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). c.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: Around 80 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
Weekly Market recap 4: We need patience hereThe glimpse of optimism The market got back to the explicit state of the "certain uncertainty". You can see that the H&S pattern in DXY failed to push the USD higher. DXY couldn't even hold above the key 94.00 level for a considerable time. The sentiment shifted from risk aversion to some hints of optimism as S&P500 managed to recover from the correction and even came close to all-time highs. Brent oil made a fake breakout of the 39.00 level showing signs of strengths as it's still consolidating near the key level 44.00. AUD has been the weakest risk-asset currency recently. Even though it showed attempts to resume the long-term uptrend as optimism grew. When things get blur For the last week, the market has been digesting the gains from optimism as S&P500 and AUDUSD pulled back while DXY recovered from recent losses. Brent oil behaves remarkably, however. I cannot really see any obvious relationship of it with stocks and currencies for now; it's just consolidating. The market state is pretty vague at this point. I assume the trigger to the new wave of volatility may come from Brent. The closure above the 44.00 level can hint the bearish sentiment for DXY and attempts to advance below 39.00 can push the DXY higher. If it's too gloomy, get rid of AUD Among risk assets, AUD has been the weakest recently. On the AUDUSD chart, you can see the failed attempt to go above MA(50). If it breaks 0.7000, the chances are high that the long-term uptrend is finished. For some reason, AUD pairs have had quite a smooth price action recently, which implies the inflow of liquidity or the general agreement on the direction of the currency. Looks like it is "in-play". I would consider shorting AUD if the global sentiment shifts more towards safe-heavens. All in all, it's a good time to be patient now and look for the confirmation signs of the sentiment shift. The technical picture tells that currencies have been in the range for a considerable time already. The longer it stays like this, the more interesting the proceeding trend will be. The most important here is patience. Everything can change very quickly, and traders need to be ready for this.
by Cherry94