AUD/USD - Day Trading Analysis With Volume Profile

On AUD/USD, it's nice to see a strong sell-off from the price of 0.65470. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.

I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.

Strong S/R zone from the past and Volume cluster are the main reasons for my decision to go short on this trade.

Happy trading,

Dale