Another very nice volume accumulation setup is currently on the EUR/GBP. What I like about this long level is the aggressive rejection of lower prices which occurred right before the start of the trend. This shows the strength of buyers who rejected lower prices and pushed the price upwards. Those buyers were accumulating their positions in the rotation area before the start of the trend.
When the price makes it back to this level, those buyers will most likely defend their positions and they will push the price higher again.
When the price makes it back to this level, those buyers will most likely defend their positions and they will push the price higher again.
Order cancelled
The level was tested... Thats why i cancelled this level. There was nice reaction but sooner.
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📗 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
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.