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

Hello everyone, it’s Dale here with a new Weekly Trading Ideas video. Today we’re going to cover three major forex pairs. We’ll look at EUR/USD, GBP/USD, and also USD/CAD. But before that, just a very quick note about a sale I’m currently running on my best educational and indicator packs. Let me briefly show you, and then we’ll jump into the trading ideas right away.

All right, so if you go to my website, Trader-Dale.com, and click the “Trading Course and Tools” button, it will take you straight to this page. For the next 5 days, you can get a discount on my best educational and indicator packs. That includes discounts on the Volume Profile Pack, the Order Flow Pack, the VWAP Pack, and the Smart Money Pack. You can get those educational and indicator packs separately here, or get an even better discount if you scroll down a bit. You’ll see a bundle offer that includes all four packs together at a massively discounted price—only $697 for all four.

I should also mention that I offer a special guarantee: if you don’t like the products, just ask for a refund. If you request it within 14 days, we’ll send your money back—no questions asked. And as a bonus, you can keep all the items you purchased, even if you get a refund. You can learn more about the refund policy here.

But now, let’s go check out the trading ideas.

Let’s first cover the euro. On your screen here is the NinjaTrader 8 platform, and this is a 30-minute chart of EUR/USD. The level I want to talk about is a newly formed support, which appeared earlier today at 1.1380. This support is based on a couple of things.

The first thing is a Volume Profile setup. As you can see, the price was recently moving in a strong uptrend, and within that uptrend, there’s a volume cluster. It’s not the most significant volume cluster, but it’s important because there’s a confluence of a couple of trading signals. The first signal is that volume cluster within the strong uptrend. My level is at the beginning of that heavy volume cluster.

In addition to that, there’s also a fair value gap—from Smart Money Concepts—highlighted in green. I like to trade from the beginnings of fair value gaps, meaning from this point. So those are two setups.

There’s also a third one, and I’ll need to zoom out a bit to show you. If you look at this level, in the past it worked as a very strong resistance. The price reacted there multiple times, which means it was a strong resistance. Then, when the price moved above it, it turned into support—so that’s a price action setup: resistance turning into support.

All those setups align and are currently pointing to this level. So right now, I think it’s a solid support zone. I’m waiting for a pullback, and when the price reaches this support, I think there’s a solid chance the price will go up from there.

All right, that’s for the euro. Let’s now check out the British pound.

This is a 30-minute chart of GBP/USD. The level I want to talk about is a support at 1.3500. It’s based on the same Volume Profile setup as the previous trade. Let me show you: we have an uptrend from Friday through today. If I apply the Volume Profile over the entire uptrend zone, it shows the most important heavy volume area within that trend is here.

The support level I marked is at the beginning of that heavy volume zone. In my experience, that’s where the biggest chance of a price reaction is. So right now, I’m waiting for a pullback. If it occurs, there’s a solid chance that the buyers—who pushed the price up from this zone—will step in again to defend their long positions.

All right, that’s the support on GBP/USD. Let’s now check out USD/CAD.

On USD/CAD, we’ll also be talking about the Volume Profile setup I showed you earlier. It’s called the “Trend Setup” because you use it when there is a trend. This chart is a 30-minute chart of USD/CAD—the same time frame as all the other charts I’ve shown you. It’s my favorite time frame for intraday analysis.

What I’m going to do is apply the Volume Profile over the recent downtrend area. You want to trade from the most important heavy volume zones, and those are here: this one, this one, and then this one.

The first level is a resistance at 1.3727. The second resistance is at 1.3754, at the beginning of the second volume cluster. The third resistance is at 1.3815, which is at the beginning of a small fair value gap, highlighted in red. As you can see, it’s also just before a massive heavy volume zone.

So those are the significant resistances on USD/CAD. The ideal scenario would be: pullback to the first resistance—reaction, then pullback to the second—reaction, and then to the third—reaction. All three levels are solid resistances, and I’m planning to trade all three.

By the way, one thing I haven’t mentioned yet is the confluence with other setups. Let me show you:

At the first level—1.3727—I don’t have any other confluence, just the heavy volume zone. But it stands out enough to be strong on its own.

At the second level—1.3754—it’s also based on heavy volume, and there’s a large fair value gap there, which shows aggressive sellers were active, pushing the price down. That makes this a strong level.

At the third level—1.3815—there’s also a fair value gap, but what makes it even stronger is the price’s past reaction. There was a very strong reaction there, meaning it was support in the past, and now, after the price broke below it, it has turned into resistance. That’s the same price action combo I showed you on EUR/USD.

So those are the reasons I like those levels. As I mentioned, we just need to wait for pullbacks. Hopefully, we’ll get them, and we can trade those resistances.

Now, before I wrap up the video, I’d like to announce the winner of the contest we held last time. The prize was my custom-made Volume Profile and VWAP indicators for the TradingView platform. Right now, you see the name of the contest winner on your screen. Congratulations!

Next, I’ll be running another contest for next week. To participate, all you need to do is leave a comment below the video I’ll post on YouTube. Next week, I’ll randomly pick one person to win this same set of custom-made indicators.

That’s all for now. Thanks for watching the video, and I’ll be looking forward to seeing you next time. Until then—happy trading!