🔴 Live Trading AUD/USD with Volume Profile and VWAP

Hello, everyone! It’s Dale here with new day trading analysis. Today, I’d like to talk about AUD/USD. What you see before you is the NinjaTrader 8 platform with my custom-made Volume Profile and VWAP indicators. What I want to discuss is this new resistance that has formed on AUD/USD.

This resistance is visible on this 30-minute chart, located at 0.6750. There are a couple of reasons why I believe this is a strong resistance level. If you look solely at the price action, you’ll notice strong selling activity that took place earlier today. However, the price action alone doesn’t tell the full story. When you overlay the Volume Profile on that sell-off, you can see a significant volume zone here, and that’s where I want to trade from.

This heavy volume zone represents an area of importance to sellers, as they were adding to their short positions while pushing the price downward. The price is currently approaching this level, so I need to be ready to pull the trigger. I believe it’s likely the price will reverse at this level because sellers will want to defend this heavy volume zone.

This is not the only reason I think this is a strong level to trade from. If you look at past price action, the price reacted to this level before, indicating it served as support. Now, the price has broken through that support, turning it into newly formed resistance. This setup is not only based on Volume Profile but also on price action.

Additionally, the first deviation of VWAP, which is this gray line, is currently very close to this level. When the price trends like this, moving below the first deviation of VWAP, it’s likely to react to it. Even though the first deviation is not exactly at the level yet, it’s close enough for me. For these three reasons, I believe there will be a reaction, so I’m getting ready to enter this trade.

Alright, guys, I’m in. Let’s see what happens. I’ve already explained why I wanted to go short from here. One thing I want to show you is this green line, which marks a level from which I previously went long. The price reacted very nicely to it, and it was based on heavy volumes that occurred before a strong buying activity. This is a Volume Profile setup I call the “Volume Accumulation Setup.” You first need to see heavy volumes, followed by a strong trend starting from them, like here. You want to trade from the beginning of that heavy volume zone. This green line is a level I published in the members’ area a few days ago, so all members could have taken that trade because they knew about it in advance. It was a nice reaction, but now let’s hope the upward movement will stop and the price will go down.

If you’d like to join us and receive these day trading signals every day, and learn how to trade with Volume Profile, Order Flow, and VWAP, then head over to my website at trader-dale.com. If you click the button there, it will take you straight to a page where you can browse my trading education and courses. Right now, I’m running a special back-to-school sale, which means that in the next three days, you can get my best educational and indicator packs at a massive discount. The Volume Profile Pack will teach you everything about Volume Profile trading, and the Order Flow Pack will teach you everything about Order Flow trading. Both these packs, along with the education and training, also provide you with my custom-made Volume Profile, VWAP, and Order Flow indicators. There are videos you can watch that will show you everything you’re going to get in more detail. If you want both together for an even more discounted price, just scroll down a bit, and there’s a special bundle that includes both the Volume Profile Pack and the Order Flow Pack at a massive discount. But hurry up, as the sale will be ending in three days.

Alright, that’s about it. Thanks for watching the video, and I look forward to seeing you next time. Until then, happy trading!