Interpreting market movements in a whole new way
Interpreting market movements in a whole new way
We ran into what I would call "single prints" into the close of the US cash session today. If you use market profile charts which maps in a very discernable form the number of contracts traded over every 5 minute timeframe, you will notice that the buying thinned out today over 3580 and selling thinned out below 3545. So what does that tell you as a trader? In essence that we would likely range within those price prints. For tonight, we present a trade idea which in our opinion has already been trading from before the close of the US session. The chart we present alongside is simple and merely lays out how we measured this potential move into the Asian and European sessions Nov 19 into Nov 20, 2020.
Trade idea
Chart
