After consoludation finally EURUSD made breakout down... There is nice to see initiation of strong sellers who push the market down. Move down is around 65 pips... So strong move for find out good point for my daily short_1.
So here is the mean reason for this short :
1. Trend setup
2. Daily Point of control
3. break out fro consoludation
On lots Australian Pairs can you see nice accumulation and after that breakout up.
On this accumulation i use flexible Volume profile and find out where is POINT OF CONTROL - level where i want to have my long level.
Long 1 is near to area around 0.9464.
How you can see after consolidation and accumulation contracts followed strong move up from 0.7044.
Monster long candle is initiates strong buyers in the market, thats why i supposed that this level will be got enter for my long posstion.
YOu can see strong Christmass SALE on Crude OIL!! Which is not a big surprise at the end on Crude OIL!!
But more importent thing is where i can have short on this market!! Between 51,1 - 51,6 is nice to see how strong is seller in this market!!
So for now i waiting for pullback in this area...
Right now is on EURGBP pretty nice strong buying activity and for that reason i looking for significant volume cluster with buying activity.
So 89.15 is very significant volume cluster good for long trade. Where market started buying activity.
As confirmation this level is there two rejection for short side. Which means this level was in the last strong ...
Another nice short from rejection of higher prices ( 0.7178 )
Basicly is level good enter for short because of volume accumulation + rejection of higher prices + open drive
What is strong rejection of higher prices? This pattern is made when the price goes one way aggressively and then turns quickly and with the same aggression and speed goes the other way. A ...
There was nice support for long trade on 1.06610... But after third test was broken this support and became resistance for future.
Main points for short trade are marked in chart.
1. Volume accumulation
2. Trend down
3. S/R zone
I expect that market will be make correction from my short level 0.6922.
This level was too good support in the past. For me it is good enter to the short trade confirmed my Volume trend setup.
More info in my Weekly Forex Market Analysis & Trade Ideas – 10th December 2018.
There was nice move down from 0.7385 to 0.7193... it is area i want use my volume trend setup and i choose this two short level in chart. Right now is just 3 days consolidation... or volume accumulation.. and the market will be ready for another move... So for now i waiting on my shorts level..
After strong volume accumulation followed by strong downward movement. The strongest resistance level is around 55 and 83!!
Volumes around 55 are most likely volumes of strong sellers who are adding to their selling positions there and after that they pushed the price even lower
so when the price makes it back to this level i thing that this strong sellers will ...
On this pair NZDUSD is good to see very strong buyers, which want push price higher and higher. Thats why i am on their side and will be waiting for long trade on the volume accumulation. Be careful right now with short trades..
Long 1 from 0.68632
Long 2 from 0.67950
Stoploss i usually set on the lowest volume!
This level for long trade is based on rejection of lower prices. Volume in this rejection was accumulated around point 0.8827. This will be my trade for Intraday long trade.
There was nice trade based on volume accumulation for long in Friday from 0.88632. Here is a beautiful sight to see how Volume profile can improve you trading skill!
Right now is two parts of the Volume Areas... One without volume that was created by rapid motion up. The effectiveness of the Volume profile suggests that this area should be filled in the future. But for my is not so interesting this area.
Other one Volume area which i call " MASSIVE VOLUME " area is more importent for me. Because there was the accumulation of ...
Strong sell of started from 1.006.. It looks like trend change.. This was reason why i use flexible volume profile and find out level for short on the volume accumulation around 1.006. So for now i will waiting for pullback in to this area. Stoploss it will be on the high of the market.. Take profit 1:1
The last week was nice move down on SP500 . In this strong sell off i want enter to short position that is why i chose zone close 2664. There is really nice POC od the day ( Point of control ).
One more thing!! Short 2 ( 2689 ) is for my stronger level for short trade... From this zone started perfect move down, so for me it is mean i will be ready for short ...
Lot of people ask me " how deep Bitcoin can fall? "
Here is my idea where i will look for enter for my long and short trade. If have Bitcoin going up it will be return on my support zone near 4300 or 2300.
My target will be not bigger like 6000... Because there is strong sellers and waiting for short again.
Be smart, be clever and dont want more that you can ...