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

Hello everyone, welcome to the new video from the Weekly Trading Ideas series. Today, we’re going to take a look at two intraday trading ideas — one on EUR/USD and the other on USD/CHF. Then, I’ll show you a swing trading idea for AUD/USD. So, let’s get started.

What you see before you is the NinjaTrader 8 platform with my custom-made Volume Profile and VWAP indicators. The chart you’re looking at is the EUR/USD 30-minute chart, and I want to discuss a short level here. The price is currently approaching it, so hopefully, you’ll have time to enter the trade before the price reaches that level. The level is at 1.1249 and is based on a Volume Profile setup called the rejection setup.

Let me explain. This is a 30-minute chart, which is the timeframe I use for my intraday trading analysis. The level is based on a strong rejection of higher prices. A rejection occurs when the price moves upward aggressively, then reverses and creates a strong high before moving down sharply. Within this rejection, you want to identify a significant volume cluster around the area where the price turned.

To do this, I’ll draw the Volume Profile here. It’s best to use the flexible Volume Profile that allows you to draw in specific areas, not just daily, weekly, or monthly profiles. I’m interested in this particular rejection zone. What you’re looking for is a volume cluster close to the high, and that’s what we have here — a perfect spot, in my opinion.

The level I’ve marked is at the beginning of this volume cluster, which indicates where sellers were aggressive and entered their short positions. This area is more important than the high itself because of the concentration of volume. If the price pulls back to this level, there’s a high chance of a reaction, making it a good opportunity for a short entry.

Additionally, there’s a small Fair Value Gap highlighted in red, a concept from Smart Money Concepts. I personally like to trade from the beginning of the Fair Value Gap, which aligns perfectly with the level at 1.1249. Now, we just need to wait for the pullback and then take the short from there.

Earlier today, I had a trade on EUR/USD. This was a prediction I posted in the members’ area yesterday. It was a short from the red line you see here at 1.1191, based on the heavy volume zone. The market initiated a strong sell-off from this area, and I took my profit somewhere around here.

Now, let’s move on to USD/CHF.

Now, we’re looking at the USD/CHF 30-minute chart. A week ago, USD/CHF opened with a gap, which still hasn’t been filled. Typically, these gaps close within a week, but this one hasn’t, presenting a nice trading opportunity.

I’ve marked a long level here at 0.8316, which is based on a gap setup I trade. The setup requires a gap with a heavy volume zone behind it, like the one we see here. The market tends to fill the gap and then react to the heavy volume zone. If the price pulls back to this area, I’ll be looking to go long, as the buyers who entered here are likely to defend this level.

However, be cautious because EUR/USD and USD/CHF are correlated. When one goes up, the other typically goes down. If both levels are hit at the same time, you’d be in two heavily correlated trades — one long on USD/CHF and one short on EUR/USD. The outcome of both trades is likely to be the same, either both winners or both losers.

Now, let’s move on to the swing trading idea.

Here we have the AUD/USD daily chart. I always use the daily timeframe for swing trading or long-term position trading. The chart shows the yearly Volume Profile and VWAP. What I want to highlight here is this massive rejection of lower prices. It’s the same rejection setup as the EUR/USD example, but this time, it’s for a long trade.

Again, in a rejection setup, you want to see a strong rejection followed by a significant volume cluster where buyers stepped in to reverse the sell-off. This area right here is where the buyers came in aggressively, pushing the price higher. My long entry is at the start of this volume cluster.

I’ll set a limit order at this level and wait. This could take a month, two months, or even a year, but the level will still be valid. I’ll place my stop below the swing low created during the rejection and set my take profit at a minimum 1:1 risk-to-reward ratio, targeting at least 0.6148. However, I’ll likely aim for a higher target given the strength of the setup.

If you’re interested in learning more about Volume Profile trading, VWAP trading, or Smart Money Concepts, head over to my website at Trader-Dale.com. Click the “Trading Course and Tools” button to check out my educational courses and custom indicator packs. You can get the Volume Profile Pack, Order Flow Pack, VWAP Pack, and Smart Money Pack separately or as a discounted bundle.

If you want to trade with me and other prop traders live every day, check out the Funded Trader Academy (FTA) in the menu. There’s a video there explaining everything you need to know, and if you’re interested, you can book a one-on-one call to discuss whether the service is right for you.

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

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

Thanks for watching, and I look forward to seeing you in the next video. Until then, happy trading!