When price reaches areas of low volume (highlighed by the orange oval) it tends to tear right through because there's less resistance/support.
The USD/CAD weekly chart shows price struggling to get through some areas of high volume, but as soon as it reached an area of low volume it started to tear downwards (highlighed by the red oval).
This downward tear may...
Price has been bouncing off the bottom of the bottom of the Volume Profile Value Area. It's about to do it again.
If you'e looking for a good entry point this could be it!
Price tends to respect the volume profile value areas, as it has been multiple times before.
Entry would be at the purple line.
P.S. I need to increase my Reputation points. Please like this...
The 4h chart of CHF/JPY is forming a great ascending channel.
It's not valid yet, but if price touches the bottom purple line for the second time, then it will be confirmed.
P.S. I'm trying to build my reputation. If you want to help, please Follow my profile, comment below, and like this post :) It will help greatly.. and I will repay the kindess by doing the...
EUR/USD on the Daily chart.
Entry point: Current Market
Target Price: 1.28
P.S. I'm trying to build my reputation. If you want to help, please Follow my profile, comment below, and like this post :) It will help immensly and I will do the same back to you!
I need some reputation points so I can comment and thank other people sharing their ideas :)
Thank you, appreciate all your help.
Quick volume profile bounce on ETH/USD (15 min chart).
Similar pattern appearing on BTC/USD which is correlated.
Stop loss just outside of the Volume Area High (the top orange line).
Take profit just inside of the Volume Area...