medium · Order Flow Analysis footprint-delta
In the Euro FX ($6E), you see 944 contracts bought aggressively at the session high, but the bar delta for that period ends up being negative.
What does this suggest about the high?
- Aggressive buyers are now in control and will drive price higher.
- The market is in an 'unfinished auction' and will return to $944.
- The high is weak and likely to fail due to bearish delta divergence.
- The high is strong because $944 is a large institutional number.
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