On the 4H chart, AUDUSD is rising over the intermediate term volume profile POC and ascending the anchorded
VWAP bands as well; Price rose from undervalued to fair-valued on the VWAP bands.
The Chris Moody RSI indicator flashed a a pair of buy signals and RSI rose over the 50% line.
Another good sign is price is approaching a volume void /gap on the volume profile. Finally
there was a mild volume spike when price reversed from the bottom of the high volume area on
the profile. I am looking for rising price action in the intraday upcoming once both London
and New York sessions are overlapping.
VWAP bands as well; Price rose from undervalued to fair-valued on the VWAP bands.
The Chris Moody RSI indicator flashed a a pair of buy signals and RSI rose over the 50% line.
Another good sign is price is approaching a volume void /gap on the volume profile. Finally
there was a mild volume spike when price reversed from the bottom of the high volume area on
the profile. I am looking for rising price action in the intraday upcoming once both London
and New York sessions are overlapping.
Trade attivo:
AUDUSD had a nice green engulfing bar a 1% pop amplified by 500:1 leverage