UJ SELL M30 ...
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DislikedGBPUSD has been just ranging for the past 8 or so days. {image}Ignored
DislikedBelow is a composite market profile I've been looking at spanning nearly the last 2 weeks of EURUSD's trading range, I decided to add each daily profile together as many were overlapping the same price levels with similar/identical value areas. We can see that the price action of today (marked as the single TPO's) brought us to the low of the value area, including my added value area box. Although initially the economic news took us lower, we soon traded back within the value area. Was this data not enough to initiate a new trend or 'imbalance'...Ignored
DislikedBelow is a composite market profile I've been looking at spanning nearly the last 2 weeks of EURUSD's trading range, I decided to add each daily profile together as many were overlapping the same price levels with similar/identical value areas. We can see that the price action of today (marked as the single TPO's) brought us to the low of the value area, including my added value area box. Although initially the economic news took us lower, we soon traded back within the value area. Was this data not enough to initiate a new trend or 'imbalance'...Ignored
DislikedBelow is a composite market profile I've been looking at spanning nearly the last 2 weeks of EURUSD's trading range, I decided to add each daily profile together as many were overlapping the same price levels with similar/identical value areas. We can see that the price action of today (marked as the single TPO's) brought us to the low of the value area, including my added value area box. Although initially the economic news took us lower, we soon traded back within the value area. Was this data not enough to initiate a new trend or 'imbalance'...Ignored
Lets see what Monday brings...
Disliked{quote} To expand on this, today (Friday the 27th) we saw a volatile, yet balanced day with price opening and closing at very similar prices all within the value range of the last 2 weeks trading range on EURUSD. Below is the same composite market profile except with yesterdays trading range added in (overlapping value areas). First to note both yesterday's open and close along with todays (Thursday 26th and Friday 27th) were towards the centre of the value range of the past 2 weeks. We can take from this that the markets in a state of equilibrium...Ignored