EUR/NZD Day Trading Analysis With Volume Profile 📊
Hello guys,
today I would like to have a closer look with you at the EUR/NZD.
There is a really nice case of the “Volume Accumulation Setup” – one of my most favorite trading setups.
It all started on Tuesday. There was a rotation (red rectangle) in which massive volumes got created. You can see the volumes using my Flexible Volume Profile indicator.
At that time it was impossible to tell if something was going on there and if it was Buyers or Sellers getting ready for a big move.
But after the rotation has ended and the price has broken through, it became clear. It was the Sellers!
Strong institutional Sellers were accumulating their Short positions unnoticed in a rotation and then they pushed the price downwards into a sharp sell-off.
A Valuable information
This gives us a valuable information: Sellers placed a lot of their Short positions around 1.6804. This is an important place for them.
If the price makes it there at some point in the future, then those Sellers are likely to defend this place. This means they will start selling and they will try to push the price downwards again.
This is why this area around 1.6804 should work as a strong day trading Resistance.
I hope you guy’s liked today’s analysis! Let me know what you think in the comments below!
Happy trading!
-Dale
today I would like to have a closer look with you at the EUR/NZD.
There is a really nice case of the “Volume Accumulation Setup” – one of my most favorite trading setups.
It all started on Tuesday. There was a rotation (red rectangle) in which massive volumes got created. You can see the volumes using my Flexible Volume Profile indicator.
At that time it was impossible to tell if something was going on there and if it was Buyers or Sellers getting ready for a big move.
But after the rotation has ended and the price has broken through, it became clear. It was the Sellers!
Strong institutional Sellers were accumulating their Short positions unnoticed in a rotation and then they pushed the price downwards into a sharp sell-off.
A Valuable information
This gives us a valuable information: Sellers placed a lot of their Short positions around 1.6804. This is an important place for them.
If the price makes it there at some point in the future, then those Sellers are likely to defend this place. This means they will start selling and they will try to push the price downwards again.
This is why this area around 1.6804 should work as a strong day trading Resistance.
I hope you guy’s liked today’s analysis! Let me know what you think in the comments below!
Happy trading!
-Dale
📗 Volume Profile & Order Flow books (FREE download)
volumeprofile.com
orderflow.com
📺 Free Volume Profile Webinar
trader-dale.com/webinar-how-to-trade-with-volume-profile-in-2022
💬 Have questions?
contact@trader-dale.com
volumeprofile.com
orderflow.com
📺 Free Volume Profile Webinar
trader-dale.com/webinar-how-to-trade-with-volume-profile-in-2022
💬 Have questions?
contact@trader-dale.com
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.