Low Volume Nodes (LVNs) for Support / Resistance

Low Volume Nodes (LVN's) are areas where little trading has taken place, usually where price was rejected, or price moved through the area quickly. These can often provide a good objective source of support/resistance levels.

In the following chart of GBP/USD (H1) I've created a 20-day price profile using the Composite Profile indicator, and it's automatically showing LVNs, many of which have been good support/resistance levels.

GBP/USD is currently at an LVN now, that I expect to provide some resistance, and I've already taken 3 scalp trades in this area, for a total of 15 pips so far.

More information on the Composite Profile indicator can be found here.

And some time later, my last trade bags a nice return.