🎯 Top Volume Profile Levels to Trade This Week on ES, NQ & EUR/USD

Hello, everyone! It’s Dale here with a new weekly trading ideas video. Today, we are going to cover three trading instruments and new support and resistance levels in those instruments. We are going to cover the ES, the NQ, and the EUR/USD.

So, let’s start with the ES. What you see before you is the NinjaTrader 8 platform. This is the ES chart, and it is on a 30-minute timeframe. The price is currently pretty close to my level, which is here. It is a support at 5,697, and I have a limit order set so I don’t miss this trade. The reason I don’t want to miss this trade is that there is a significant heavy volume zone within this very sharp rejection of lower prices.

What this tells me is that sellers started pushing the price downward, but then buyers jumped in. We can see this in the Volume Profile, where buyers aggressively pushed the price back up. This area marks the beginning of the heavy volume zone, and there’s a high probability of a reaction from the buyers who were aggressive here on Friday, pushing the price upward. So, right now, I’m waiting with a limit order here. I like to trade from the beginning of heavy volume zones, which is where I place my levels. When the price reaches this level, I will go long. It is likely that the buyers will become active again and push the price upwards.

I also have two short trades on the ES. They are quite distant, but let me show you. These are the two red lines at 5,937 and 5,977. Both of these are based on strong selling activity, and if you look at the volume distribution, it’s clear why they are there. These are two significant volume zones within this downtrend. My resistance levels are set at the beginning of these heavy volume zones because they represent areas where sellers were adding to their short positions.

When the price reaches these levels, I expect those sellers to become active again, causing a reaction. When this happens, I will go short. It doesn’t matter whether it happens today, tomorrow, this week, or even next week—I don’t really care. When the price hits those levels, I will go short.

Now, let’s move to the NQ. There is a very similar level on the NQ to the one on the ES. Let me switch to the NQ. Here, you can see the long level on the NQ. Again, we are looking at a 30-minute timeframe, and the NQ is moving in a very similar way to the ES.

What we see here is another rejection of lower prices, just like on the ES. If I apply the Volume Profile over this rejection zone, we see a significant volume bump again. This represents buyers who rejected the lower prices and pushed the price aggressively higher. I am counting on those buyers to step in again when the price reaches this volume cluster, pushing the price upwards.

So, that’s the plan for the ES and the NQ. Now, let’s move to EUR/USD.

On EUR/USD, I want to discuss a Volume Profile setup called the Trend Setup. What you see before you is the EUR/USD chart on a 30-minute timeframe. There is a very strong uptrend, and when you see an uptrend like this, you want to trade pullbacks to heavy volume zones.

We identify heavy volume zones using the Volume Profile, focusing on the trend area. You want to trade from volume clusters, such as this one and this one. By the way, this first level has already been tested, meaning there was a pullback and reaction, so you don’t want to trade it again. This was a nice reaction because it had both a heavy volume cluster and the first deviation of VWAP, making for a strong confluence. However, since the level has already been tested, I won’t trade it again.

The two remaining long levels are at 1.0780 and 1.0627. Both are at the beginning of heavy volume clusters, which represent buyers adding to their long positions as they pushed the price higher in the uptrend. When there is a pullback, there is a high probability of a reaction from buyers defending their positions, pushing the price upwards again.

The ideal scenario would be a pullback to the second volume cluster, followed by another reaction. That’s what I’m looking for on EUR/USD.

Additionally, both levels have a confluence with the Fair Value Gap (FVG), highlighted in green. The first level has a small FVG, but on top of that, there is a larger one, which I treat as one big Fair Value Gap. The level is positioned at the beginning of the FVG, increasing its significance. The second Fair Value Gap is above the second level, again aligning perfectly for a high-probability trade.

Right now, I’m just waiting for these pullbacks and hoping for reactions.

If you are interested in trading with me every day, I recommend visiting my website: Trader-Dale.com. Click on Trading Course and Tools, and it will take you to a page where you can browse my trading education and custom-made trading tools.

Here, you will find:

• The Volume Profile Pack (focused on Volume Profile trading)
• The Order Flow Pack (focused on day trading with Order Flow)
• The VWAP Pack (focused on VWAP trading)

All these packs include video courses, custom indicators, and tech support—everything you need! If you scroll down, you’ll also find an all-in-one bundle that includes all three packs at a discounted price.

If you want to trade with me and other professional traders in a live trading room every day, click the FTA button, which stands for Funded Trader Academy. On this page, you can watch a video explaining the service. If you’re interested and want to see how it works, you can book a one-on-one call with us. We’ll walk you through the program, answer your questions, and help you decide if it’s the right fit for you.

Before wrapping up, I’d like to announce the winner of last week’s contest! The prize was my custom-made Volume Profile and VWAP indicators for TradingView. Right now, you should see the winner’s name on your screen—congratulations!

I’m running another contest this week. To participate, all you need to do is leave a comment below this video, which I’ll publish on YouTube. Next week, I’ll randomly pick one person to win this set of custom indicators.

That’s it for today’s video! Thanks for watching, and I look forward to seeing you next time. Until then, happy trading!