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Traderdale

GBP/USD: Day Trading Analysis With Volume Profile 📊 and VWAP On GBP/USD is nice to see strong buying reaction from the price 1.24060, there is nice to see strong volume area.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... VWAP Weekly setup ( 1st Std. Deviation ) + Uptrend + Volume cluster are my mainly reason for this long trade.... Happy trading Dale
by Trader_Dale
1
GBP/USD: 12/05. Buyer's OpportunityGBP/USD remains on the defensive near 1.2530 even as it renews the intraday high ahead of the all-important UK Gross Domestic Product (GDP) data early Friday. Not only positioning ahead of the data, but optimistic market expectations and fears of a positive surprise also allowed the Pound to ease its recent losses. GBP/USD trades near the lower limit of the ascending retracement channel, currently at 1.2560. The 50-period simple moving average (SMA) also consolidated that support. In the event that the pair confirms it as resistance, then 1.2530 (100-period SMA) would align with the next downside target ahead of 1.2510 (psychological level, static level) and 1.2450 ( 200 period SMA). On the other hand, 1.2680 (static level) forms temporary resistance ahead of 1.2670 (midpoint of ascending retracement channel). A close above the four-hour close could attract buyers and prompt another move higher towards 1.2710. OANDA:GBPUSD
Long
by DNA_TradingFX
AUD/JPY continue with the Downtrend 👇On AUD/JPY is nice to see strong sell-off from this three price levels ( 90.33 + 90.75 ), there are 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... Downtrend + VWAP + Strong volume area is my mainly reason for this short trade.... Happy trading Dale
by Trader_Dale
AUD/CHF continue with the Downtrend 👇On AUD/CHF is nice to see strong sell-off from this three price levels ( 0.6267, 0.6288, 0.6320 ), there are 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... Downtrend + Strong volume area is my mainly reason for this short trade.... Happy trading Dale
by Trader_Dale