EURJPY is approaching a red dotted line that is a cumulative Point of Control from the previous week extending to this Wednesday.
Not only that this move is rather slow and correction-like-looking. The accumulation in this area is very recent and hasn't been visited before. Furthermore, it can be spotted without Volume Profile, the naked eye would identify this range too with ease.
I am fairly convinced it is a good long opportunity. I put preset take profit at the end of High Volume Node.
Not only that this move is rather slow and correction-like-looking. The accumulation in this area is very recent and hasn't been visited before. Furthermore, it can be spotted without Volume Profile, the naked eye would identify this range too with ease.
I am fairly convinced it is a good long opportunity. I put preset take profit at the end of High Volume Node.
Note
Studying the volume, it might not go up to the original target. I closed partial profit, will prevent any loss by closing early if I have to.Note
Even though I thought it might go beyond Target Profit, I closed on the dashed line one part of my position and will close it all in TP. Red line is my current SL 
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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.