Hello guys, I hope you didn’t miss yesterday’s video with trading ideas for this week! If you did, then check it out here: Weekly Trading Ideas (30th August 2021) Today, I would like to have a closer look at NZD/USD. The reason I am interested in this pair is that there has been a strong uptrend action starting in the Asian session. Such action tells us, that there are strong and aggressive Buyers pushing the price upwards. Volume Profile Analysis Those Buyers most likely entered most of their Long positions the heavy volume area that got formed before the trend. It is usually like this because the BIG trading institutions need to accumulate their massive trading positions in a rotation. That’s why there is always a rotation and then a trend (a pattern very often seen all across the markets). If you use my Volume Profile tool , then you will see the heavy volume area very clearly. NZD/USD; 30 Minute chart: The information we now hav...
I am a professional trader with 10+ years of trading experience. I trade using Volume Profile which is a tool that shows you where institutions accumulate their positions and what their intentions are.