It's good to see a strong buying response around the price of 162.050 on EUR/JPY.
There's a notable accumulation of contracts in this area, indicating strong interest from buyers. I believe that buyers who got in at this level will defend their positions.
If the price returns to this area, strong buyers will likely push the market up again. The rejection of lower prices and the high volume of trades in this cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
There's a notable accumulation of contracts in this area, indicating strong interest from buyers. I believe that buyers who got in at this level will defend their positions.
If the price returns to this area, strong buyers will likely push the market up again. The rejection of lower prices and the high volume of trades in this cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
📗 Volume Profile & Order Flow books (FREE download)
www.volumeprofile.com
www.orderflow.com
📺 Free Volume Profile Webinar
www.trader-dale.com/webinar-how-to-trade-with-volume-profile-in-2022
💬 Have questions?
contact@trader-dale.com
www.volumeprofile.com
www.orderflow.com
📺 Free Volume Profile Webinar
www.trader-dale.com/webinar-how-to-trade-with-volume-profile-in-2022
💬 Have questions?
contact@trader-dale.com