#TradeIdeas Blog

This trade was set up using the Volume Profile Analysis and released on the channel . Want to learn more about it ? Sign Up Today !!

HI

I use the volume profile and try to check for support and resistance levels with that tool and find that we have broken a previous resistance( the area from @ 23150 to 23950 ) which can now act like support going forward. Further, we have an area of low volumes which can act as an area of less resistance from where the prices can quickly get attracted to the next level of resistance which is close to 29500 to 30000 areas.

For an entry, we should look for confirmation signals and a significant time spent above that 24500 levels before we decide to move in - looking at lower time frames for an appropriate opportunity

So in my view, we can see a brisk move to the target area as suggested above

Click this link for my follow up analysis tradingview.com/chart/b9Yu0rq0/