[ant]

The Euro (EC) broke out of a long trading range on 11/22 and has been trending with shorter-term balance areas forming with higher value (see chart). Notice how balance and imbalance occurs on all timeframes. When in an uptrend, as the EC is currently in, I choose to only trade breakouts (long trades only) from the small balance areas that form. Also note what a trend looks like in a Market Profile graphic, i.e. nodes forming at higher levels as the market trends with single prints/low volume areas forming from range extension. These high volume nodes and low volume areas provide excellent support levels in trending markets. The traders job now is to be alert for the end of the trend. For now, the EC is trending and I still have a long bias. The second chart shows the trading range from where the EC broke out. Notice that momentum is starting to slow a bit in the EC, but I'm still expecting higher highs. One thing I'm trying to improve in my currency trading is holding for longer periods while the trend is intact as opposed to closing trades at the end of a day or two.