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🎯 Top Volume Profile Levels to Trade This Week on EUR/USD, ES & AUD/USD

 

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Video Transcript:

Hello everyone, it’s Dale here with a new weekly trading ideas video. Today we are going to look at three trading ideas. The first one will be on EUR/USD, then we will cover the ES, and finally we’ll take a look at AUD/USD.

What you see here is the NinjaTrader 8 platform with my custom-made Volume Profile and VWAP indicators. This is the 30-minute chart of EUR/USD. What I want to show you today is a support at 1.1581. This support is based on the weekly Point of Control, which by itself is a strong level to trade from. If you look at this gray profile on the left, you can see that the heaviest volumes are right here. This is the weekly Volume Profile, showing volumes throughout the whole previous week, and the weekly Point of Control is right here — the place where the heaviest volumes were traded. My level is at the beginning of this heavy volume zone.

What happened here is that large volumes were accumulated throughout this area, and then buyers took over and pushed the price aggressively upwards. Because of this strong buying activity, we can say there were strong buyers accumulating long positions here, and after accumulation, they pushed the price up. The idea for this trade is to wait for a pullback to this support and then go long, because buyers from this rotation zone will likely want to defend this place and push the price up again. This is a Volume Profile setup I call the “Volume Accumulation Setup.” You don’t actually need a weekly Volume Profile to see it — it’s enough to see a heavy volume zone like this followed by strong trending activity. Whether you look at the bigger picture or zoom in, it still points to this heavy volume zone where strong buying started, and that’s the place you want to trade from. Now we just need to wait for that pullback.

The next trading idea is on the ES. This is a 30-minute chart of the ES, and here I want to show you a Volume Profile setup I call the “Rejection Setup.” A rejection is when the price moves in one direction and then suddenly turns and moves aggressively in the opposite direction — like here. Within a strong rejection, I want to see two things. First, a significant volume zone. I use my flexible Volume Profile over the rejection area and look for a significant volume cluster close to where price turned from selling to strong buying. This volume cluster marks where buyers were active, accumulating long positions, and reversing the price up.

The second thing I like to see within a rejection is a fair value gap, which I have here. This software automatically draws them, and I like to trade from the beginning of the gap, which in this case is at 6352. So here we have both the significant volume cluster and the fair value gap. When price comes back to this level, chances are buyers from here will become active again and push the price up.

Now let’s go to AUD/USD, where we have the same setup. On this 30-minute chart, you can see a strong rejection of lower prices: the price dropped aggressively, then turned and went up aggressively. Selecting the rejection area with the Volume Profile shows a significant volume cluster — evidence of strong buyers reversing the sell-off. We also have a fair value gap here, with its beginning at 0.6500, which nicely aligns with the volume cluster. When price pulls back to this level, chances are the buyers from here will defend it and push price up again.

If you’re interested in learning more about Volume Profile trading, head over to my website at Trader-Dale.com. Click on “Trading Course and Tools” to see my trading education and custom-made trading indicators. There’s the Volume Profile Pack, Order Flow Pack, VWAP Pack, and Smart Money Pack. You can get them separately or as a discounted bundle.

Before I wrap up, I’d like to announce the winner of last week’s contest. The prize was my custom-made Volume Profile and VWAP indicators for TradingView. The winner’s name is now on your screen — congratulations! I’ll run another contest for next week. To participate, just leave a comment below this video on YouTube. Next week, I’ll randomly pick one person to win this set of indicators.

Thanks for watching, and I’ll see you next time. Until then, happy trading.

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