VOUME PROFILE TO DETECT PRICE REVERSAL EURNZD
Updated
The price has approaced the value area upper boundary.
Volume profile is considered in the area where price has formed an ascending channel.
No much volume are expected here, to sustain the price rally, therefore a reversal is expected.
Shor position: Target will be the nearest demand zone, price will also be actracted by the Point of Control of the value area.
Volume profile is considered in the area where price has formed an ascending channel.
No much volume are expected here, to sustain the price rally, therefore a reversal is expected.
Shor position: Target will be the nearest demand zone, price will also be actracted by the Point of Control of the value area.
Trade closed: target reached
There you go! Target was HIT!Remember not to get too excited about this. Keep in mind that trading is always a probability game: you can only get a positive expectancy in the long run.
You will never be able to tell if the single particular trade will win or not
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