Trade Ideas Using Volume Profiles

Updated
Here is a possible trade entry criteria using volume profiles.
It is a strategy that I recently learned.
It is a possible addition and upgrade to my original strategy.

Trading with Volume Profiles requires patience, since you need to wait for the market to retrace on the high volume price level which some takes days or weeks to play out.

On this set up we can see that there is a significant volume spike on the 170.600 level.
The market also tested it several times already and failed to break it.

My plan is to search a trade signal when the price go back to this level, when a convincing sell signal is there. I will enter the trade.
Order cancelled
Resistance at 170.600 finally broke,
together with the GBP news, it made a spike in the market..

I am now monitoring the next high volume level:
Plan is still the same: Wait for Sell Signal

snapshot
Note
snapshot

yea, im leaving this pair for now :)
Trend AnalysisVolume

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