EUR/GBP Volume areas 📊On EUR/GBP is nice to see strong sell-off from the price 0.91110, there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Strong sellers + Sell-off + Strong volume area is my mainly reason for this short trade....
If i see the Biggest Candle in the chart is RED , then i try find some good short trade...
Happy trading
Dale
Marketprofile
EURNZD Potential Long SETUPLooking @ the Published Chart. I will be using the Price level of 1.7740 has my inflection point.
I have expectation for continuation to the UPSIDE in as much as we stay above 1.7740.
I expect the following scenario:
If the Market OPEN in BALANCE right where it closes last week,
a) I expect us to test 1.7743,bounce off from here and resume the buying of EURNZD and potentially in a gift case scenario test of 1.7708 which would potentially give me a reason to consider this bearish if I do not see quick aggressive buying
b)I will take a look @ NZD continued weakness will definitely help this trade so it is worth keeping an eye on as well.
EURJPY weak low of the market 🔥🔥🔥On EUR/JPY is nice to see strong sell-off from the price 123.8, there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Strong sellers + Sell-off + Strong volume area is my mainly reason for this short trade....
Happy trading
Dale
EUR/JPY Volume areas 📊From Volume cluster 2 started nice move up...
After from Volume cluster 1 continued another pushing market up...
So for that reason i want trade long trade...
Volume cluster 1 id done.. There was nice long reaction...
So for now is active just Volume cluster 1 around near price level 124.760..
Where is located my support level...
Happy trading
Dale
XAUGBP Settles at 30 minute POC. Augurs well for bullish moveThe clear "P" shape of the profile and recent news of high profile investors selling banks and buying gold miners suggest quite a strong opening this week in gold.
I find the GBP gold price to be less prone to being pushed around by competing trading strategies that can muddy the USD gold price.
Significant upside to above GBP1580 while unlikely, cannot be ruled out this week, on my read.
High %age trade set up on the short term GBPUSD ProfileComing into NFP (even if it is likely to be a rogue number) there will be a tendency to square up, which means gravitating back to the short term POC.
In the GBPUSD that's around 1.3140. Buy 1.3115
Helping it is the fact we have just completed an 80/20 traverse of the value area - also suggesting a move back to the POC. Stop below 1.3110
XAUGBP at 30 Minute Profile's POC Looking at the XAUGBP market to give some clues as to the resolution to the standoff in XAUUSD. Price has come back to the POC at 1508 only to see the trading volume just lower puch the POC down a tad. Maybe nothing but could give a clue that further downside in XAUUSD may be afoot.
GBP Returns to Daily Profile's Point of Control. Having reached the GBPUSD long term Point of Control (POC) at 1.3160 (ish) consolidation at least should be expected. Continuation to the top of the Value Area at 1.3430 is likely in medium term according to the 80/20 rule. A short term correction to around 1.2980 is still consistent with such an outcome.
AXAS 100 Garantie \\\\\\\\\ + 210 % \\\\\ Volume Profile AnalyseIf we breach the 0.3750 region, we will move directly to the 1.110 region because it is the area that everyone agreed upon and that contains high liquidity
$Gold is at important level 1740/50$Gold is likely about to break 1745/50 resistant area. I was able to buy from 1700 level, add more on 2nd up arrow , flat my positions on 1720s.then rejoin the buying on 3rd up arrow , was stoped due to the Fed announcement and se-joined on the 4th , after the Fed , and I set it up on small pull back. and I flatten my position on 1740s.
soon after that, Gold was rejected at1750 back to 1725 , but buyers still came at that level too and lifted up the price. I will not join the Buyers yet. I want to see the strength and the follow through from those 1725s buyers.
if price move close to 1740 level, I want to see the sellers do more short covering, and this will push the Gold to the next level.
but if the buyers give up with the level, we will see more liquidation to the down side.
Feds announcement was as expected, There is no news catalyst to shift the price urgently. So I want to see either the price to initiate above 1750s for new business area; price shift up confidently to push the sellers to do short covering, or liquidation.
I am flat right now and let see if those 3 scenarios will play.
Scenarios for EURUSD 10/06Fuchsia zones are HTF value area limits with supply zones from march, green zones are VA limits with demand. Flag movement with black line showing pole and rectangle showing flag. Looking for continuation once tests green dotted line at 1.1285. Exit at top of area 1.1379. 11/22 tick stop. If top gets tested first you could go for the pullback instead of continuation.
Demand zone from yesterday shown at lower time frames (hence the green dotted line entry):
Fib is just for kicks
Big Long opportunity for ZBVery large value area + demand zone play as ZB is approaching new lows. Both of those drawn on the chart. Looking for longs at 174'02 but my favorite place to go long would be 173'02. Once it bounces, expect a pullback from the down move at least to previous swing lows and VAL of yesterday at 175'08. For stops go for 8 ticks (based on lower timeframe structure at the top of area not shown on this chart, if they get broken then we cut the trade expecting a swing lower down the macro value area)