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NZD/CHF: Day Trading Analysis With Volume Profile 📊 On NZD/CHF is nice to see strong buying reaction from the price 0.6524 , there is nice to see strong volume area.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... V shape rejection of lower prices + Strong volume area is my mainly reason for this long trade.... Happy trading Dale
by Trader_Dale
2
AUD/JPY continue with the Uptrend ☝️Today, I would like to have a closer look at the AUD/JPY. Since Monday, there has been an uptrend on AUD/JPY. When there is a trend I always like to trade pullbacks to heavy volume zones. What I do is I use my Flexible Volume Profile and use it on the whole trend area. This nicely reveals the most important institutional trading zones. Those are the ones where the Volume Profile is the widest = heavy volume areas. The price tends to react to those heavy volume areas – they work as strong Support/Resistance zones. Why they work as S/R zones? Because the BIG guys (institutional traders) who were trading there in the first place defend those zones. They placed heavy volumes there before and this tells us that those zones are important for them. That’s why they defend them (by pushing price away from them) and why they work as strong Support/ Resistance zones. Supports on AUD/JPY There are two such heavy volume zones on AUD/JPY. The first one around 85.50 got already tested and there was a nice reaction to it. However, there is also a second heavy volume zone around 85.20 and this hasn’t been tested yet. This means it should work as a Support. The same way the zone around 85.00 did. When the price makes it back to 85.20 I expect the BIG guys to defend this zone and to push the price upwards from there again. I hope you guys liked my analysis! Let me know what you think in the comments below! Happy trading, -Dale
by Trader_Dale
2
Bitcoin at All-time High. What Now? 🦾🤖On Bitcoin is nice to see strong buying reaction from the price 57700, there is nice to see strong volume area.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... Resistance from the past + Strong buying activity + Strong volume area is my mainly reason for this long trade.... Happy trading Dale
BITSTAMP:BTCUSD
by Trader_Dale
2
AUD/CHF: Volume Profile 📊 and Price Action Analysis 📋Hello guys, in today’s day trading analysis I will have a closer look at the AUD/CHF. AUD/CHF: Volume Profile Analysis Since the nice reaction to our Support from Monday, the AUD/CHF has been in a steep uptrend. Trends like this often give nice trading opportunities. When I see such a trend I always use my Flexible Volume Profile indicator to look how volumes were distributed within the trend. What I look for are significant volume zones = Volume Clusters. As you can see in the below, there is a strong Volume Cluster around 0.6869. Such a place represents a strong Support. What it tells us is that the strong institutional Buyers who were pushing and manipulating the price upwards were adding to their Longs there. The heavy volumes we see, that’s them. This is an important information because when the price makes a pullback into this heavy volume area again, then it is likely that those Buyers will become active here again. What does it mean “become active”? it means that they will want to enter more Longs there, defend this zone, and finally push the price upwards again. This is what should make this area a strong Support. This Volume Profile setup is called the “Trend Setup” and you can learn all there is about it in my Volume Profile Trading Course. AUD/CHF: Price Action Analysis Apart from the Volume Profile setup, there is also a Price Action Setup pointing to the same Support at 0.6869. This Price Action setup says that a breached Resistance becomes a Support. As you can see in the picture below, our Support worked as a strong Resistance in the past. The price bounced off it three times. Yesterday, the Resistance got breached and it became a Support. This Support is especially strong because there is a double confirmation: The Price Action setup points to the same Support as the Volume Profile setup. I hope you guys liked my analysis! Let me know what you think in the comments below! Happy trading, -Dale
by Trader_Dale
1
FIO Protocol FIOUSDT - Ascending and Symmetrical Triangle +1500%- FIO Protocol (FIO) - Rank 425 - is a blockchain protocol that aims to enable a better way of sending/receiving coins and tokens. - From the technical perspective, we can see an symmetrical triangle on the daily chart. - Also we can spot an ascending triangle, which is very bullish with the combination of the symmetrical triangle. - Profit target is 1.618 FIB and volume is bullish! - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
8
Bitcoin and strong S/R zone 💪On Bitcoin is nice to see strong buying reaction from the price 57700 , there is nice to see strong volume area.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... Resistance from the past + Strong buying activity + Strong volume area is my mainly reason for this long trade.... Happy trading Dale
FX:BTCUSD
by Trader_Dale
NZD/CHF: Day Trading Analysis With Volume Profile 📊 On NZD/CHF is nice to see strong buying reaction from the price 0.64450 , there is nice to see strong volume area.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... Strong buying activity + Strong volume area is my mainly reason for this long trade.... Happy trading Dale
by Trader_Dale
1
NZD/JPY : Volume Profile 📊 and Price Action Analysis 📋Hello guys, today I will have a closer look at the NZD/JPY. Since the start of today’s Asian session, there has been a strong uptrend. It seems that strong Buyers are pushing (manipulating) the price to go higher. What happened before this trend? There was a rotation. The price was moving in a tight price channel. Volume Profile Analysis I used my Flexible Volume Profile indicator to look into this whole area to see how volumes were distributed there. In the picture below, you can see that there were heavy volumes traded (accumulated) within the rotation area. From there the uptrend started. Those heavy volumes tell us that it were likely BIG institutional traders who were building up their Longs slowly & unnoticed in that rotation. From there they manipulated the price upwards to make those Longs profitable. This heavy volume zone starting around 78.94 is now important for them because they placed a lot of their trades there. When the price makes a pullback there again (at some point in the future), then it is likely that those strong Buyers will become active again = they will start buying again. They will try to manipulate the price to go upwards again. This is what will make the area starting around 78.94 a strong Support zone. This is one of my favorite Volume Profile setups and you can learn all about it in my Volume Profile Trading Course. Price Action Analysis Additionally to this, there is also one more trading setup pointing to the 78.94 area. It is a Price Action setup called which says that a breached Resistance becomes a Support. If you look at the picture below, then you can see that the price already bounced off this 78.94 area three times earlier this week. This means that it worked as a strong Resistance. This Resistance got breached today and this turned it into a Support. As you can see both the setups – Volume Profile and Price Action point to the same Support zone around 78.94. This is a nice confluence and it adds strength to the Support. I like to look for such confluences whenever possible. The more, the better! I hope you guys liked my analysis! Let me know what you think in the comments below! Happy trading, -Dale
by Trader_Dale
2
Bitcoin and strong S/R zone 💪Right now on the Bitcoin is two strong support zone. Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... First zone is near to price 48500... There is nice to see strong volume area.... Uptrend + S/R zone from the past + Strong volume area is my mainly reason for this long trade.... Second zone is near to price 34500... Uptrend + Strong buying activity ( Rejection of lower prices) + Strong volume area is my mainly reason for this long trade.... Happy trading Dale
FX:BTCUSD
by Trader_Dale
CAD/JPY – My favorite combo of 2 trading setups! 🦾🤖Hello guys, Today, I would like to show you one more. It is a day trading Support that has formed on CAD/JPY. The first thing to catch my eye when I opened the CAD/JPY chart was the strong uptrend. Trends are usually very nice opportunities to trade. The way I like to trade them is to wait until a trend is established – meaning that it is easily visible on a 30 Minute chart and it’s strong. Like in this case. Volume Profile Analysis Then I use my Flexible Volume Profile indicator to look into the trend area (only into the trend area). I am interested in how volumes were distributed throughout the trend. What I look for are heavy volume zones. I call them the “Volume Clusters“. Such Volume Clusters represent strong Support/Resistances. In this case, there is an uptrend. A Volume Cluster created within an uptrend represents a Support. This Volume Cluster tells us that strong Buyers who were pushing the price upwards were adding to their Longs in this heavy volume area. Those heavy volumes – that’s them. The Big institutional traders . Pullback to 89.99 When the price makes a pullback into this area again (starting around 89.99) then those strong Buyers should became active here again. They should try and push the price upwards from this zone once more. The reason is that this zone is clearly important for them. They placed a lot of their Longs there. They will want to add some more here – in this high-liquidity zone and push the price upwards some more. That’s what makes it a strong Support. This Volume Profile setup is called the “Trend Setup” and you can learn all there is about it in my Volume Profile Training Course. I hope you guys liked my analysis! Let me know what you think in the comments below! Happy trading, -Dale
by Trader_Dale
1