Volume Indicator
GBP/CHF Volume areas 📊On GBP/CHF is nice to see strong buying reaction from the price 1.2268 , there is nice to see strong volume areas....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Uptrend + Strong buying activity + Strong volume area is my mainly reason for this long trade....
Happy trading
Dale
AUD/CHF continue with the Uptrend ☝️On AUD/CHF is nice to see strong buying reaction from the price 0.6872 , there is nice to see strong volume areas....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Uptrend + Buying activity + Strong volume area is my mainly reason for this long trade....
Happy trading
Dale
EUR/CHF Volume areas 📊On EUR/CHF is nice to see strong buying reaction from the price 1.0816 , there is nice to see strong volume areas....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Uptrend + Buying activity + Strong volume area is my mainly reason for this long trade....
Happy trading
Dale
JSE:SBK Standard Bank Joining in the FunAs for the other banking stocks, Standard Bank is looking to markup. The strength has been clear since December - see post link below. The pullbacks have been shallow and volume increases on up moves have shown buying interest. Now it is time to finalise the expected move back to R160.
JSE:ABG ABSA Markup The signs of strength (SoS) shown in December - see posts below - has taken some time but is now playing out. We are now looking for the markup back to previous support that should be resistance. The backup attempt after the breakout was shallow and shows strength. This week should see some action in financial stocks.
JSE:HLM Hulamin MarkupAfter a long downtrend, we have seen an accumulation trading range starting in April 2020. After a change in character after a last point of support (LPS) in October, we have seen some volume and a markup start. Now after a backup that was unable to make much progress. We have now seen a significant bar with some volume and the expectation is for the markup to continue.
JSE:DGH Distell BreakoutAfter the signs of strength at the end of last year - See post below - Distell is now actively being marked up with high volume.
NZD/CHF: Volume Profile 📊 and Price Action Analysis 📋Hello guys,
today’s day trading analysis will be on NZD/CHF.
There is a very nicely looking volume-based setup called the “ Volume Accumulation Setup “
First, there was a rotation in which heavy volumes got accumulated (traded). You can see the volumes on the Flexible Volume Profile indicator below.
Then, after the big guys (trading institutions) placed their big trades there, they pushed the price upwards into an uptrend.
This uptrend tells us, that the volumes placed in the rotation (blue rectangle) were Longs.
This is an information we can work with. Now we know where strong institutional buyers placed a lot of their Long positions. It is around 0.6430.
This are is now very important place for them.
When the price makes it back to this heavy volume area again then, those buyers will want to protect it and to push the price upwards from there again.
Most likely from the place where they placed the most of their positions (0.6430).
The Bigger Picture – Weekly Volume Profile
Let’s now check the bigger picture and have a look at the Weekly Volume Profile.
The Weekly Volume Profile shows how volumes were distributed throughout the whole week. I always check this profile with all my intraday trades. The ideal scenario is when the trading levels I pick are nicely visible there.
The reason is that the Support/Resistance will not be important only for traders on the lower time frames, but also for traders who are trading higher time frames.
In this case, it couldn’t be better! Our 0.6430 Support lies exactly at Point Of Control (POC) of the week. This means that the heaviest volumes this week were traded there.
This makes the 0.6430 a very important. The Weekly POC is a very strong place to trade from, even if it was just on it’s own, without any other signals/confluences.
Price Action Setup
Another nice confluence is a setup called Resistance →Support .
In short, it says that when a Resistance gets breached it then becomes a Support.
This is one of my favorite Price Action Setups.
If you look at the picture below, you can see that the price bounced very strongly of the 0.6430 area in the past. This means it was a Resistance.
Then, as the Resistance got breached it then became a Support.
Summary
All in all we have three signals that confirm our 0.6430 Support. They are:
1. Volume Accumulation Setup
2. Weekly Point Of Control (POC)
3. Resistance → Support Price Action Setup
I hope you guys liked today’s analysis. Let me know what you think in the comments below!
Happy trading!
-Dale
EURUSD - Intra-day TradingWe are currently in this consolidation due to the USD gaining strength at the end of the week. It is probably not wise to be intraday trading this market on a Monday, lets wait to see where the price is heading.
POI - Strong buy-side interest at 1.21394
POI - Strong Sell-side interest at 1.21964
Currency Strength Comparison
Strong - EUR
Weak - USD
JSE:TRU New Years ActionJust before the holiday break, we could see some interest in Truworths - See post link below. Now early in the year, we can see this buying pressure starting the markup with signs of strength - relative large up bar with high volume for this time of year. Will be looking for a push back to R60 - R80.
Very detailed direction forecastI put together this very detailed forecast based off chart pattern picked up on. I numbered my steps in detailing the chart to create a legitimate visualization for all to understand.
1. We see continuous rejection at 127.000 with an eventual high volume pivot.
2. We see continuous support at 126.000 keeping the trend within the straight channel between support and resistance.
3. Off the support pivot we see a break through 127.000 to be rejected at 127.500 creating new top resistance.
4. Off top resistant rejection we see a strong sell off that flew through 126.000 support with continuation. This sentiments true sell off loading up from 127.500 rejection.
5. I am watching for a market open pullback to create first weekly resistance. I sentiment this due to how far the RSI breached oversold. For continuation RSI will trade in and out of oversold zone.
6. First support retest is at 125.000 with a safe sell entry point below as long a breach and close out occurs on 1 hr.
7. A break and close out below 124.500 will create massive seller volume for a second sell entry to retest next major supports at 123.000 and 122.500. If momentum is strong enough a final retest will occur at 121.500.
Attached is my previous sell that had TP at 126.000 which smashed through hence my heavy sentiment for this trade. Any strong supports pivots at my first major supports may aim to channel resistance.
Please observe carefully following my steps and comment with any thoughts and ideas. Thank you.
SAVA 1-13-2021 LONG TRADE10.63 ENTRY PRICE
9.57 10% STOP LOSS
11.16 5% TARGET
11.69 10% TARGET
RSI above + 50 & 70 levels with a steep incline.
Volume is at 100% +++.
200 sma on an incline showing uptrend.
Price stayed above 50 sma with a brief bearish pullback.
Current Price is a strong large body bullish reversal candle.
SELLING GBPUSDSee price rejecting from MY previous session high entered based off of my M1 setup criteria lets see how it plays out !! :) quick 1 to 3 risking 1 percent happy trading guys
Please like and comment as it pushes me to keep creating content on pairs and my bias on it :)
-This is merely MY outlook and not advice on what YOU should do just my opinion on what I see - yonsfx