This is a long position based on the principles of demand. These zones form when leftover buy orders are not filled by investors. When price returns to these levels, the buyers regain their positions and attempt to push the price up again.
The volume profile indicator shows us where the heaviest volumes are located. It is relevant due to the fact that a quality demand zone is in the same position as the heaviest volumes. As a scalper, we look to take advantage of the small movements on these higher time frame zones. A 1 to 1 profit will suffice.
The volume profile indicator shows us where the heaviest volumes are located. It is relevant due to the fact that a quality demand zone is in the same position as the heaviest volumes. As a scalper, we look to take advantage of the small movements on these higher time frame zones. A 1 to 1 profit will suffice.
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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.
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.