USDCAD SHORT on Order Flow - Follow the smart money!

Strong Bearish Signal:
The price demonstrated an abrupt and sharp drop supported by the large volume. The large negative delta implies that sellers are still prevailing the market.
Volume Zones:
We need to point out the new support level 1.2964, which contains the large volume. However, the price is still trading near this mark.
Sentiment:
This indicator shows that 95% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d05/2001/ff/679512491a3f.png
Consider Short Positions:
Given all these factors, we may consider a scenario of the breakdown of the support level. The drop must be abrupt and supported by the large volume, that will be a more accurate signal for entering the market. A stop loss should 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 - https://www.tradingview.com/chart/EURUSD/3Epq2KQW-Profiting-from-Order-Flow-How-to-follow-the-Institutional-Money/