medium · Order Flow Analysis footprint-delta
A Euro FX (6E) trader enters short at a session high due to a delta divergence. Bar delta was -148 on a new high. As the trade develops, Bar 3 shows a retest of the high with 50% less volume and a delta of -20.
What should the trader do?
- Exit now; the retest signals the failed setup
- Add to the position right away at the market price
- Hold; the retest on lower conviction confirms the high
- Widen the stop-loss out to the next major daily support level
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