EURUSD LONG on Order Flow

Strong Bullish Signal:
The pair showed a sharp growth and broke out the previous level of resistance. The movement was supported by the large volume and positive delta, which is a great indicator of bulls strength.
Volume Zones:
We need to allocate the new support level 1.1777 – 1.1790, which contains the large volume .
This indicator shows that 82% retails traders are in short positions, which is a good additional signal for us (trading against the “crowd”).…
Consider Long Positions:
Given all these factors, we may reckon long positions after a smooth downward correction, in order to get a better entry point. A stop loss may be placed below the new support level .
Profit Potential:
More than 110 pips.

To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below –

Read more…