AUD/CHF: Volume Profile and Price Action Analysis

Hello guys,

in today’s day trading analysis I will have a closer look at the AUD/CHF.

This is actually my second one (on AUD/CHF) this week. I have already made an analysis of the AUD/CHF on Monday. Here is the Prediction & Result:

You can check out the original analysis here:

Volume Profile Trading Ideas: Trading The Weekly Point Of Control

AUD/CHF: Volume Profile Analysis

Since the nice reaction to our Support from Monday, the AUD/CHF has been in a steep uptrend.

Trends like this often give nice trading opportunities.

When I see such a trend I always use my Flexible Volume Profile indicator to look how volumes were distributed within the trend.

What I look for are significant volume zones = Volume Clusters.

As you can see in the below, there is a strong Volume Cluster around 0.6869.

Such a place represents a strong Support.

AUD/CHF; 30 Minute chart:

What it tells us is that the strong institutional Buyers who were pushing and manipulating the price upwards were adding to their Longs there. The heavy volumes we see, that’s them.

This is an important information because when the price makes a pullback into this heavy volume area again, then it is likely that those Buyers will become active here again.

What does it mean “become active”? it means that they will want to enter more Longs there, defend this zone, and finally push the price upwards again.

This is what should make this area a strong Support.

This Volume Profile setup is called the “Trend Setup” and you can learn all there is about it in my Volume Profile Trading Course.

Do you want ME to help YOU with your trading?

Join one of my Volume Profile Educational courses and get my private trading levels, 15 hours of video content, my custom made Volume Profile indicators, and more!

Click Here

AUD/CHF: Price Action Analysis

Apart from the Volume Profile setup, there is also a Price Action Setup pointing to the same Support at 0.6869.

This Price Action setup says that a breached Resistance becomes a Support.

As you can see in the picture below, our Support worked as a strong Resistance in the past. The price bounced off it three times.

Yesterday, the Resistance got breached and it became a Support.

This Support is especially strong because there is a double confirmation: The Price Action setup points to the same Support as the Volume Profile setup.

AUD/CHF; 30 Minute chart:

I hope you guys liked my analysis! Let me know what you think in the comments below!

Happy trading,

-Dale

Comments

How To Trade The Point Of Control (POC)

DEFINITION: Point Of Control (= POC) is a price level at which the heaviest volumes were traded. The most important thing that the Volume Profile indicator shows is the POC. I dare say that if you used Volume Profile only for the purpose of identifying the POC, you would be a way better and trader then 99% of the retail traders. No matter what trading strategy you trade. Why do I say this? Why is POC so important? Point Of Control is so important because it shows the place where the most trading took place – where the biggest trading positions were accumulated. POC shows the BIG guys! Who accumulates those huge trading positions? The BIG guys – that’s the big financial institutions like hedge funds, pension funds, huge banks, etc… It is those BIG guys who move and manipulate the markets. It would be a huge advantage to know where they placed most of their positions, right? The good news is th

Beginners Guide to Order Flow PART 1: What Is Order Flow?

DEFINITION: Order Flow is an advanced charting software which enables you to read all trading orders that are processed in the market. It helps to track the BIG financial institutions through the trades they make. Most people get confused when they open up a chart with Order Flow for the first time. There is no shame in that. Order Flow shows so many information and it is easy to get overwhelmed and confused if you don’t know what to look for! This Beginners Guide will teach you how to understand how Order Flow works and how you can use it in your trading! In this 1st part of the Order Flow Guide I will show you around the Order Flow interface. Footprints The Order Flow does not show standard candles, but it shows FOOTPRINTS . A footprint shows not only Open, High, Low, Close (as standard candles) but it also shows orders traded in that candle. Orders can be

5 Character Traits of a Successful Trader – Tips & Tricks of the Pros!

Maybe you are interested in trading, and you have taken the first step by researching on forex trading. You might also be currently trading but going through a tough time with your results in the markets and dealing with the recurrent autosuggestion, telling you how this journey might not be for you or you are not capable of achieving successes in this journey. It is essential to know that you are not alone in this feeling, and before you fall into the rabbit hole of depression, feeling like a failure in yet another skill you have chosen. Let me make it clear; the answer is YES, anyone can achieve success in trading , including you. It would only cost you a few character trait adjustments. Before we delve in, it is vital to point out that success in re

Trader Dale - Volume Profile Trading Blog

Search This Blog