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EUR/USD Day Trading Analysis With Volume ProfileOn EUR/USD, it's nice to see a strong buying reaction at the price of 1.10850. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Uptrend + GAP and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
by Trader_Dale
GBPJPY Weekly Chart: A Strong Support Zone in PlayIn the world of forex trading, the GBPJPY pair has been a fascinating one to watch. Over the past four years, we’ve seen significant price movements, but one thing has remained consistent: the trendline drawn from the lowest price points on the weekly chart. This trendline has acted as a robust support level, and it appears that we might see it come into play once again. Chart Analysis: The weekly chart of GBPJPY shows a clear trendline connecting the lowest price points over the last four years. This trendline has been respected multiple times, indicating its strength as a support level. Currently, the price is approaching this trendline, and traders are watching closely to see if it will act as support once again. Key Observations: Historical Support: The trendline has provided support on several occasions, leading to significant price bounces. Current Price Action: The price is nearing the trendline, suggesting a potential bounce if the trendline holds. Volume Analysis: Recent volume bars show increased trading activity, indicating heightened interest as the price approaches this key level. Trading Strategy: For traders looking to capitalize on this potential support zone, it might be wise to wait for confirmation of a bounce before entering a long position. This could be in the form of a bullish candlestick pattern or a significant increase in buying volume. Conclusion: The GBPJPY weekly chart is presenting a compelling case for a potential bounce off a well-respected trendline. As always, traders should use proper risk management and wait for confirmation before making any trading decisions.
by stocktechbot
AUD/CAD continue with the UptrendOn AUD/CAD, it's nice to see a strong buying reaction at the price of 0.91330 and 0.91140 . There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Uptrend and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
by Trader_Dale
1
Sibanye-Stillwater (SBSW) — Huge Move Ahead? (Platinum Miner)Sibanye-Stillwater is one of the world’s largest producers of platinum, palladium, and rhodium. Read more on their website . If you are bullish on platinum, this is a fantastic opportunity. On the weekly chart we can see accumulation has been happening on high volume since it hit support in November 2023. V-shaped recovery on high volume on the daily (for confirmation wait for current week to close above $4): Also last week had the highest volume since 2017. When comparing it with the platinum chart we can see it made very volatile moves in 2016 and 2021 and reached the top at around $20 when platinum did small rallies to $1150-1250 levels. Can you imagine what will happen if platinum makes a new all time high? For additional confirmation wait for trend line breakout: Conservative target is $20 but it can be much more if platinum makes new highs.
NYSE:SBSWLong
by function_mechanic
19
NQ Day Trading Analysis With Volume ProfileOn NQ, it's nice to see a strong buying reaction at the price of 19318. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Uptrend and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
CME_MINI:NQ1!
by Trader_Dale
ES (S&P 500 Futures) continue with the UptrendOn ES (S&P 500 Futures) , it's nice to see a strong buying reaction at the price 5570. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Trader Dale
CME_MINI:ES1!
by Trader_Dale
EUR/USD continue with the UptrendOn EUR/USD , it's nice to see a strong buying reaction at the price 1.11000. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Trader Dale
by Trader_Dale