I just wanted to go over the volume profile of where I like to look for trades. If you find the information valuable and informative, please hit the like button. Cheers!
If we can hold above then look for more upside. If we hold below the range reverse bias.
Price has a high volume profile node just below. Looking for entries in this location and target the next volume profile nodes above.
Demand held, res now support. Rest is self-explanatory.
We are in demand, however we have a small orderblock just above. Waiting for the axis to get broken before going long.
V bottom and some levels that offer stops just below. If price drops id love to eye the bear trap and have orders at the demand zone.
Pair is bullish, could make some very nice new highs. This double bottom could get tagged to get the stops. Something to watch.
The path of least resistance is down. There is allot of overhead on multiple timeframes is the pair is to head higher.
Sell rallies till EURUSD breaks its longer trend.
The DXY on the long term charts have been very bullish. Using Multi-Timeframe analysis I see the USD gaining Strength.
With current structure, I look to buying pullbacks till the structure changes.
Looking for the pair to find support at the monthly pivot at 94.15
Price has finally changed it pattern and may actually break free of the correction and goto the range top.
Do we have a false break on the USDJPY? Pair has been struggling to drop all week.
USDCAD testing upper channel. With a good amount of US Data today, a upper channel break could bring the pair higher.
$DXY approaching resistance level. This would be a key level if a reversal were to happen. Which would affect the currency cross-pairs. ie. your trigger to sell $EURUSD
$GBPUSD finally in the zone I been watching. A 4hr/daily close above this level ill be looking to get long.
AUDUSD tested the same trend angle as the above high and lower high. Possible it could be the start of a channel. On the other side, could act as a trend line to sell off of.
AUDUSD is finding some support at mid channel and retesting the support level. This could be a area that finds bids to curve price back towards channel support.
USDCAD is at Resistance, 200 day moving average and channel top.