Daily: Last week, the price extended higher until Thursday staying in the daily higher high range Friday's price closed lower potentially starting a corrective phase this week 4hr: The 4hr trading range is still bullish but has now started the corrective phase back into the 4hr volume profile POC, There is a bullish imbalance sitting around the 20,138.00 area...
❤️MY FOREX TEAM❤️ INFORMATION Gold price (XAU/USD) holds above $2,000 during the early Asian session on Monday. US economic data suggests inflation is stickier than expected and prompted financial markets to dial back expectations that the Federal Reserve (Fed) would start cutting interest rates in June. At press time, the gold price is trading at $2,014,...
This setup is based on previous oil analysis, so we see price retracing to 61.8% fib level which also act as a high resistance level, so shall see a continutaion to downside check the previous analysis for continuation to downside on link below Nice risk to reward Hope you guys enjoy the rest of week
GBPCHF broke uptrend line price now trading in a downtrend line price below : -SMA 100 -KEY LEVEL around 1.2520 -HVN around 1.2490 MACD shows the weakness of bullish momentum RSI below 50 so it's expected bearish movement to support level around 1.2320
SOFI is hitting again a high peak. If we check the volume profile we see a high degression in volume, but overall the volume is rising. I expect a short signal until next support, until then we have to watch what could probably could happen next. The volume is good indicator here but it still a choppy play.
Reading high volume nodes during ETH uptrend move, we can see the most valuable zones where we might expect the price to bounce. The idea about these support zones is very simple, and we can see it after the trend move have happened or is happening. The institutions that created the current uptrend move have entered (accumulated) their longs positions in the...
GBP/JPY: Volume Profile Analysis I received an email from a member of my Volume Profile Training Course yesterday. He was asking about my opinion on a resistance he found using Volume Profile. I really liked his level so I decided I will publish it here for you and say a few words about it. So, this level is an intraday resistance on GBP/JPY which he found on a...