VOLUME PROFILE TO DETECT PRICE REVERSAL ON GBPCHF
In case price approaches the Low Volume Node at 1.20100 with good momentum, a reversal is expected considering that the low volumes will not be supporting the price rally.
Volume profile is drawed in the area where price formed a discending parallel channel.
We have confluence with the value area high that acts as resistance and a supply zone at the same price level.
Let's see how price develops next week
Volume profile is drawed in the area where price formed a discending parallel channel.
We have confluence with the value area high that acts as resistance and a supply zone at the same price level.
Let's see how price develops next week
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