UNFIUSDT Possible bounce from an interest zone We are waiting for the price to return to the zone of strong market buyer profile. The zone will be protected at all costs. We only consider the first approach to the zone with a sharp rebound as a reaction. Open a long position from the target range of 4.628 - 5.0.
Volumeprofileindicator
Harley is having a spring sale HOG LONG ?The chart shows HOG to have reversed above its intermediate-term support.
Price is just below the near-term POC line of the volume profile and 30 % below
the intermediate-term POC line where increased volatility could result in
a rejection bounce or alternatively a push higher into the low-volume area
above.
The zero-lag MACD shows the lines crossed under the histogram and crossed
over the zero line.
The Bolliger Bands indicator shows a buy signal with a price near to the lower
band.
Overall, this is a good place to take a long swing trade of stock or even
a call option of 4 weeks duration mindful that it might be strategic
to "ride" the anticipation of earnings on April 25th but close out the option contract
or stock position a few days before the earnings report.
For the stock trade, stop loss and target are drawn onto the chart.
AUDUSD: Bearish signal below 0.6680AUDUSD pair successfully broke below the wedge pattern as I mentioned in the previous analysis. However, it seems that more liquidity is needed to support the downward movement. It's likely that the price will undergo a corrective movement towards the level of 0.6680, which is a very important level where the broken trendline, Fibonacci level 23.60, and the moving averages 50 and 100 on the 4-hour timeframe converge. Additionally, the point of control (POC) is also located at that level, as shown on the volume profile indicator. Any sign of reversal from this level will be considered a bearish signal towards 0.65970.
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Key levels for BTC - Big moves comingBTC has been consolidating this whole week, brewing for a big move. Looking at daily volume profiles.
26700 - 26800 level is key support, already bounced off twice
- if broken we likely see a bear run possibly down to 25000 level
Or we continue the Bullish trend started 2 weeks ago and heads toward 30000 level. Watch for break of recent highs.
Any thoughts?
Swing XAUUSD timeframes 1D As we can see 2 green candles has closed in valuable range. I prefer long for XAU now. 🟢🟢🟢
XAU/USD is currently trading at $1,830, which is just below the key resistance level of $1,874. However, the overall trend for gold is bullish, and there is a potential for a meeting at the resistance level. In addition, there is support at the $1,800 level, which could limit downside risk for traders in a long position. This suggests that there is potential for the price to break out above the resistance level, which could be favorable for traders in a long position
Entry: 1830
TP1: 1875
TP2: 1905
SL: 1800
Let see how it goes :) Happy trading guys!
Swing BTC daily 🟢🟢🟢Long position on Bitcoin was initiated between the price range of 20600 and 21600 with TP: 22150 or 23000. The trade has a SL set at 20150 to limit potential losses. It remains to be seen whether the price of Bitcoin will rise to the target levels or fall to trigger the SL.
SL: 20150
TP1: 22150
TP2: 23000
EN: 20600-21600
Happy trading guys! TraderB :)
BTC Support and ResistanceRecently I added VRVP (Volume Profile Visible Range) into my Support and Resistance BTC chart. Something I found interesting in this was the Point of Control (POC)
Previous cycle ATH is the most active price point for trading engagement. This provides me a fundamental insight that there were a lot of investors/trades were expecting retest of previous ATH. This is a common theory in technical analysis.
In addition it reflects that we are in an accumulation period for bitcoin. The big blue box shows my interpretation on accumulation zone.
VRVP (Volume Profile Visible Range): Reflects the amount of volume traded at certain price points. Generally most effective when trading larger-cap crypto assets.
POC (Point of Control) : is the node with the highest volume profile, and appears as the longest bar. This can be used as an important retest point or to calculate potential support and resistance. Orange Dash Line.
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SWING EUR/USD 1D timeframe 💶The two specific levels mentioned are 1.03462 and 0.98358, which are referred to as support zones. These levels are important because they represent areas where there is significant demand for the currency pair.
🔴🔴🔴
In this scenario, My trade is entering a short position on the EUR/USD currency pair with an entry point of 1.06197 and a stop loss at 1.07967.
This means that I'm betting that the value of the EUR/USD will decrease.
Happy trading guys :) B
GBP/JPY Short Opportunity: Capitalizing on Channel Structure andI have created this GBP/JPY short market idea due to the favorable technical setup observed in the chart. The currency pair has been trading within a downward channel and the previous high presents an ideal point of entry for a short position. The liquidity at the previous high, indicated by the volume profile, adds to the confluence of factors supporting this trade idea. The downward channel structure combined with the high liquidity at the previous high provides a strong basis for my decision to initiate a short position in the GBP/JPY market.
Please note that this is not investment advice and past performance is not a guarantee of future results. Trading always carries risk and it's important to conduct thorough research and analysis before making any trading decisions. Thank you for your attention.
XAUUSD Prediction the price 🪙XAUUSD BIAS UP (Scalping trading timeframes 1m-5m-15m)
Plan 1 Pink: It's possible that the price sideway between 1928 - 1925 and it will move up to zone 1930 or 1934
Plan 2 Blue: The price crashes through zone buyers at 1924 and downwards at 1920. When the price comes to this second zone buyers which will move up to zone 1925 or 1930
Plan 3 Orange: 2 zones of buyers can not protect their positions and the price move down to 1916.5, then the Rejection buy happens at red elip - the price will move up to zone 1925 or 1930
These plans will help you having a good picture of market :) Have a great day traders!
XAU/USD Nice move from market Bias today is down - I prefer to Short more than Long
Plan 1: Sellers continue breaking by Strong Buyers Zone and price move down to 1912
Plan 2: Price is protected by Strong Buyers Zone and price increase to 1927, which has big volume from Sellers. I think we will see a litigation for this area but Sellers will take advantages and Price move down to 1912
Plan 3, just my vision. Price breaks and move above the yellow circle then we can take risk a Long trade to zone 1930 or 1940
These are my plans but it still a possibility :) Have a good day guys!
Ray
BTC Local range scalps If the bitcoin price can retrace down to the golden pocket that is sitting just outside of the value area low of the range and market cipher is showing some mid time frame (20-30min) momentum divergence' with lower timeframes showing money flow coming up toward the 0 line and momentum divergence, then it it likely to bounce back into the value area making it more likely price will get a move up back to the top of the value area where there is a well respected Fibonacci level and price could start to print a very broken down anchor and trigger wave (would look more like an anchor and trigger higher timeframes) that could bring price down for a lower low or obviously it could just continue to range.
TRADE PLAN 01/05/2023TP1> If we manage to Trade/Bid above MAIN POC 3863,
we can go for 3880 > 3913 > 3924 > 3943 > 3965 > 3979 > 3995.
>To the upside, the level I'm looking it right now is the 3860, that's the POC of those last 12 days, we need to trade/bid above so we can try to break the LIS 3913/3915, where BULLS are losing the battle.
TP2> If we manage to Trade below MAIN POC 3863,
we can visit 3841 > 3824 > 3800 > 3787 > 3766 > 3728.
>To the downside, the level I'm looking is 3824, as we are already trading below 3960 12 days POC, so once we confirm below 3824, we have to break lower to find strong sellers to push below 3800, where BEARS are losing the battle.
* We are trading in this 100 points RANGE from 3800 to 3900 levels for the last 12 days or about 2 weeks,
I would say that the market structure are balanced, looking for stronger BUYERS or SELLERS around the VALUE AREAS.
For now no direction in the markets, just range trades, we should break anytime soon out of this BOX, and I was hoping that today with FOMC minutes we could go search some new levels, out of balance, but...
Mr Market had other plans, so for now lets trade the levels and see how it goes by Friday NFP.
#tradesafe #sizekills
TRADE PLAN 01/04/2023TP1> If we manage to Trade/Bid above MAIN POC 3841,
we can go for 3858 > 3880 > 3913 > 3924 > 3943 > 3965 > 3979 > 3995.
>To the upside, the level I'm looking it right now is the 3860, that's the POC of those last 11 days, we need to trade/bid above so we can try to break the LIS 3913/3915, where BULLS are losing the battle.
TP2> If we manage to Trade below MAIN POC 3841,
we can visit 3824 > 3800 > 3787 > 3766 > 3728.
>To the downside, the level I'm looking is 3824, as we are already trading below 3960 11 days POC, so once we confirm below 3824, we have to break lower to find strong sellers to push below 3800, where BEARS are losing the battle.
* We are trading in this 100 points RANGE from 3800 to 3900 levels for the last 11 days or about 2 weeks,
I would say that the market structure are balanced, looking for stronger BUYERS or SELLERS around the VALUE AREAS.
For now no direction in the markets, just range trades, we should break anytime soon out of this BOX and I would like to see the TP1 working tomorrow as I'm positive delta after this nasty $AAPL Drop.
$TSLA was also ugly today, -12.24%
#tradesafe #sizekills
How To Use Volume Profile Tool For Massive Gains! 99% ReturnsDisclaimer: Not Financial Advice
Using The Volume Profile as a tool for my Nava Imbalance Strategy, I have made 99% ROI time and time again!
1. How I Use Volume Profile Tool
(From Last Major Swing To Present)
Blue Lines = Immediate Support/Resistance (Range)
- Best entry ZONES, Area to WAIT for BUY SETUPS
- Best to wait for price to pass sup/res lines and on the way back enter or wait for a retest.
Light Blue = MAGNET LINE
(Shows which side the pressure is pointing to)
- Price will always come back to the magnet line
- IF magnet line is getting closer to one side of the range, Its early indication of direction.
- Note, price WILL fakeout to the opposing side blue line before moving hard to direction of early indication to give you best possible entry!
WARNING: Volume Tool CHANGES. Long term not so much but still keep in mind.
2. Magnet Line is closer to bottom of range =
Bearish Pressure
3. Pressure builds up within the magnet and support zone
until price breaks out to retest opposing blue line resistance first.
4. BEST POSSIBLE SHORT ENTRY
Retest here usually results
in a Fakeout. Look for ENTRY SETUPS
5. ENTRY SETUPS
Double Top/bottom, Head & Shoulders, rsi/macd oversold/overbought, etc.
6. FOR BEST RESULTS (80% Profitable)
Use Volume Profile Tool with Nava Imbalance Strategy
(View @JOKESTV Tradingview)