Volumeprofileanalysis
2023-03-23 EU looking for pull back and long againThe euro currently seems to be in the B-wave of the daily rebound, and it is not yet the end. A better long point is the 50% pullback, which is just close to the daily turning line and baseline, and is also supported by the intensive trading volume area . Continue to wait patiently for the pullback to appear.
2023-03-22 EU intraday looking for chance to go long dailyThe Federal Reserve will discuss interest rates in the early hours of tomorrow, and it is expected that there will be large fluctuations. Everyone should be careful.
The euro is still the view of the previous weekend's unwinding. The key pivot area is around 1.066, which is also the POC in March. From the details of the day, the 50% retracement is at 1.065, and the trading volume at this position is relatively small. If the retracement reaches here, then you can pay attention to whether there is support. If you meet the conditions, you can continue to do more. If it falls below 1.06, the euro bulls will be in danger. . Before that, we still maintain the bullish idea of the euro daily line.
2023-03-20 EURUSD daily and weekly ideaThe good news of last Friday has already come out, so unless the Federal Reserve on the 24th is more dovish, it will be difficult for the market to continue to rise, at least there will not be too much room for growth. I see more foreign exchange, and the euro is a relatively obvious daily rebound. After the news of the Fed hits the ground, it is very likely that there will be another weekly correction. Especially the weekly support around 1.036
Of course, from a good point of view, the euro's weekly gains have already shown that the monthly rebound is about to start, but it is necessary to wait patiently for the timing and point of callback.
Personally, I prefer to observe the specific trend after the Fed's interest rate meeting, and avoid the sharp roller coaster that appeared during Powell's speech.
Swing BTC daily 1D timeframe ₿BTC is in sideway from Feb 16th. We can see red high volume at zone 24785, but today I'm seeing the daily red candle close in valuable range so my plan is going to short it.
My plan is really simple. Price can move down to zone 22884 or 21405
22884 is really a strong support for now.
21405 zone will be the next support for BTC if buyers at 22884 zone could not protect their positions.
Let see how BTC goes :)
Happy trading guys :) B
EUR/USD 30M Swing trading 💶Plan 1 Green 🟢: Price has the potential to go up to zone 1.08862 and hit zone sellers, price move down to 1.08652.
Plan 2 Cam 🟠 : after touching zone Buyers and penetrating to go to zone 1.0845 - 1.0835.
Plan 3 ⬭ : Rejection Buy occurs at the red ellipse and the price moves up to 1.08539
They are all my vision and It is highly subjective because it is on big timeframe, so be careful guys! Happy trading :)
Ray
AUD/USD coils up at the lows - 68c up next?A potential bearish continuation pattern is forming on the 4-hour chart around last week’s VPOC (volume point of control). RSI (14) produced a bearish divergence ahead of the selloff and remains below 50 to show negative momentum overall. Prices remain beneath the weekly and pivot point and monthly R1, so now seeking evidence of a swing high beneath those levels for a move down to 0.6850 and eventually the 0.6800 support zone.