Trader Dale Volume Profile

Volume Profile
Below you can see a monthly chart of EUR/USD. There were three strong rejections of a level
(marked in blue). Such a situation indicates that the level was a really strong support. When the
price went past this support, it became a resistance. This is the “Support becoming resistance"
setup that I wrote earlier in the book. Along with that, there was also the Volume Setup #2: Trend
setup. In the picture, there is a significant volume cluster created within the strong trend area
(black rectangle). In this case, it was the combination of those two setups that caught my eye. I
have entered my short position at the highest peak of the volume cluster.
Below, you can see the same chart with the reaction to the strong resistance zone. This picture
was taken 4 months after the initial analysis I made in the previous picture.
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