Another trade based on this setup was on CHF/JPY.

The scenario was the same as in the previous case. There was an opening gap and heavy volumes got created before it.

Those volumes were a strong Resistance. The gap completely closed on Monday and then the price reacted to the heavy volumes.

Another nice profit!

BTW I published this trading level in the Weekly trading ideas video in advance on Monday.

Happy trading

Dale

Chart PatternsCHFJPYForexHarmonic PatternsmajorsTrend Analysis

📗 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
Also on:

Related publications

Disclaimer