Trading with volume profile POC as support and resistance
This method to find High Probability Support and Resistance Levels from volume.
The ideas of trading with support and resistance levels are very vastly used. chart patterns and predicting where price action is taking place and then taking them into which direction is very important. Favourable trades are best place where we have favourable Risk and reward ratios which is very easy at support and resistance.
How to do actually find a strong POC?
The first step on what we look for is a strong uptrend or downtrend that is with very good momentum. we can see one identified in the rectangle on the chart below. … Read the rest