EUR/CHF: Volume Profile And Price Action Analysis

2 Comments / Market Analysis / By

Hello guys,

today, we are going to have a closer look at EUR/CHF.

Yesterday, I was talking about significant Support there in the Weekly Trading Ideas video. If you missed the video, then you can watch it here:

BITCOIN, EUR/USD,EUR/CHF – NEW Volume Profile Trading Ideas (9th August 2021)

After I have published the video, the EUR/CHF went into another strong trend move.

Volume Profile Setup

So currently, there is a strong uptrend there. What I do when there is an uptrend is that use my Flexible Volume Profile over the whole trend area.

I am interested in the volume distribution there. Mostly in significant volume clusters. Those are heavy volume areas created within the trend.

Such a strong volume cluster is around 1.0762.

What does such a volume cluster tell us? It tells us that strong institutional Buyers who were pushing the price upwards were adding massively to their Long positions there – at the place of the volume cluster.

EUR/CHF; 30 Minute chart:

When there is a pullback to this area, then those strong institutional Buyers should defend this area. This area is important for them, because they have entered a lot of their trading positions there before.

They will defend it by placing Market Orders (=aggressive orders) which help to push the price into a trend again.

This is what will make this area (starting at 1.0762) a strong Support.

The setup I used here is the “Volume Profile: Trend Setup“.

Do you want ME to help YOU with your trading?

Join one of my Volume Profile Educational courses and get my private trading levels, 15 hours of video content, my custom made Volume Profile indicators, and more!
Click Here

Price Action Setup

Another nice addition to our volume-based setup is a Price Action setup.

This setup tells us that a breached Resistance becomes a Support.

If you look at the picture below, then you can see that the price reacted nicely to the area around 1.0762 before. Therefore, it worked as a Resistance.

This Resistance got breached yesterday and it then became a Support.

What’s  cool about this is that those two setups (Volume Profile and Price Action setups) align nicely together and both point to the same Support around 1.0762

EUR/CHF; 60 Minute chart:

I hope you guys liked my analysis! Let me know what you think in the comments below!

Happy trading,

-Dale

P.S. Don’t forget to register for the FREE webinar this Thursday (12th August). The topic will be “Long-Term Investing With Volume Profile”.

Register your seat here: https://bit.ly/374RvwJ

2 thoughts on “EUR/CHF: Volume Profile And Price Action Analysis”

Leave a Comment

Your email address will not be published. Required fields are marked *

USEFUL LINKS

 

Terms and Conditions

Contact

Become an Affiliate

FOLLOW ME ON SOCIAL MEDIA

Facebook Twitter Youtube Instagram

YOU CAN ALSO FIND ME ON

 

Trading View

TD’s MT4 Trade

Volume Profile

Order Flow

Risk Disclosure

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

Testimonials

Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.

Live Trades

This presentation is for educational purposes only and the opinions expressed are those of the presenter only. All trades presented are NOT TRADED IN A LIVE ACCOUNT and should be