🎯 Top Volume Profile Levels to Trade This Week on EUR/USD, GBP/USD & AUD/USD

Hey everyone, it’s Dale here, and in this video, I’ll show you the strongest Volume Profile levels to trade this week. Let’s start with EUR/USD. What you see here is a 30-minute chart of EUR/USD. The platform is TradingView, and what I want to focus on is this strong rejection of lower prices that happened last Wednesday because of the CPI news. During the CPI news, the market moved aggressively downwards. I mean, EUR/USD dropped aggressively. But what happened next was quite surprising because the price suddenly turned and moved upwards. What happened in between was that heavy volumes were traded there. Let me show you. Those heavy volumes were traded right here. See, this was the sell-off caused by the CPI macro news. Then, heavy volumes formed, and everything changed, with the price moving upwards. So, what does it tell us? It tells us that this is a very important zone where buyers started to jump in. You can see that on the volumes, right? They jumped in here and then reversed the price. And that’s a place from which I want to trade. So, right now, I’m waiting for a pullback. I’m waiting for the price to reach the beginning of that heavy volume zone. See, that’s my level here at 1.1125. That’s the beginning of that heavy volume zone. That’s where the buyers started to jump in. And I think that this will be an important level in the future as well because those buyers should defend the positions they established here in this heavy volume zone. That’s why I expect the price to react there. So, that’s the Volume Profile setup. I call this setup the rejection setup because I trade it when there’s a rejection like this one, with a heavy volume cluster close to the bottom of the move. What adds strength to this level is that there was also a Fair Value Gap right here. The Fair Value Gap comes from Smart Money Concepts, and I like to combine it with Volume Profile. In this bullish scenario, I trade from the beginning of the Fair Value Gap, which is right here, exactly at our level and at the beginning of the heavy volume cluster. So, it gives us a nice confluence. So, yeah, that’s the plan right now. I’m just waiting for the price to drop. If it does, then I’ll go long from there.

There’s a very similar scenario on GBP/USD, so let me show you. This is a 30-minute chart of GBP/USD, and if you take a look at the price action here, you can see the same thing as on EUR/USD. There was the CPI news, and the price started to drop aggressively. But then, the price turned and moved upwards. What happened here was that strong buyers started to jump in. Let me show you with Volume Profile. See, this is the place where the price turned and, at the same time, where we can see the heavy volume cluster. So, it’s the same scenario as on EUR/USD because the price was dropping, buyers jumped in here, and they started to buy everything the sellers had to sell. Eventually, the price turned and moved up. This makes that level a strong one because it’s likely to be defended by the buyers who were active here before and for whom this level seems to be important. So, when there’s a pullback, I mean, if there’s a pullback and the price tests that level in the future, then it’s likely that we’ll see a reaction from those buyers, right? The level is at 1.3156. The logic is the same as on EUR/USD. We also have a nice little Fair Value Gap here, which adds strength to the level in the same way as on EUR/USD.

Now, let me move on to AUD/USD. Here, we have the 30-minute chart of AUD/USD. In this case, I want to focus on the opening gap right here. That’s the opening gap because the market opened with a gap, and the gap still hasn’t been filled. So, that means I can trade my favorite setup. Let me show you. The first thing you need to see to trade this setup is an opening gap. It’s a bit rare in Forex, but it happened here. So, here’s the opening gap, right here. The other thing you need to see is a heavy volume cluster behind the gap. The heavy volume cluster is here. By the way, you guys should use the Volume Profile that you can move around and use to look into specific areas, like I do, because here, we’re only interested in this little area before the gap. You want to be able to select only the area you’re interested in. That’s why this Flexible Volume Profile, or Fixed Range Volume Profile, as it’s called in TradingView, is useful. So, this is the volume cluster we’re interested in. This is the gap, and the idea is that I want to see a pullback and have this gap filled. Once it does, it’s very likely that the price will react to the beginning of that heavy volume cluster. That means the level here is 0.6946.

That’s the beginning of the gap, as well as the beginning of the volume cluster, right? So, this is the setup. Usually, in Forex, gaps tend to get filled sooner rather than later. My guess is maybe today, maybe tomorrow, or Wednesday at the latest. That’s my guess. But, you know, I don’t really have a problem waiting a little bit longer. When the gap gets filled, I’ll be ready with my limit order here and go long from there.

Okay, if you guys are interested in learning more about Volume Profile trading and want to learn exactly how I trade, from A to Z, I recommend visiting my website because I have my educational courses and custom-made indicators there. The website is Trader-Dale.com, and if you click the button that says “Trading Course and Tools” it’ll take you to this page, where you can browse my trading education courses and custom-made indicators. If you scroll down a bit, you’ll see that we’re currently running a special Halloween sale where you can get all four packs you saw on this page. We’re selling them together in one huge bundle, and you can get all of them for $697. That’s our special Halloween sale, and you can get it until the end of the month.

All right, thanks for watching the video. I hope you guys found it useful, and I’ll see you next time. Until then, happy trading!

Now, before I wrap up the video, I’d like to announce the winner of a contest we had last time. The prize was my custom-made Volume Profile and VWAP indicators for the TradingView platform. Right now, on your screen, you can see the name of the person who won the contest. So, congratulations to the winner! What I’ll do next is run another contest for next week. The only thing you need to do to participate 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-made indicators. So, that’s about it. Thanks for watching the video, and I look forward to seeing you next time. Until then, happy trading!