Suddenly the Order Flow chart is super easy to read, right?
How to read the Trades Filter
There was a rotation in which heavy volumes were accumulated (you can see this on the Volume Profile on the left).
Then at the end of the rotation, the BIG guys started to jump in with heavy volumes and they started a strong buying activity.
Those heavy volumes were on the ASK side of the market. It indicates that those were made with MARKET BUY orders (=big guys wanting to start a trend are buying aggressively)
What do you think will happen when the price makes a pullback into this area again? I think that those BIG guys will want to defend their longs which they placed there and they will most likely start pushing the price upwards again! This will make this area a strong support.
This is super simple strategy! Combine it with the Volume Profile and you have a great trading system!
BTW if you are wondering where this support is on EUR/USD (forex), then it is around 1.0850.
Be careful though, there is a significant macro news coming up later today (the US GDP, and later on the FOMC). Don’t place any trades around this!