hard · Volume Profile Analysis reference-levels-migration

A volume profile practitioner is reviewing EUR/USD. The current session has developed a balanced D-shaped profile with the POC at 1.0865 and the value area from 1.0850 to 1.0880. Price is at 1.0880 — the Value Area High. The practitioner knows that a prior session's Naked POC sits at 1.0920.

What is the most structurally coherent volume profile interpretation of this situation?

  1. The Naked POC at 1.0920 is the primary trade target; enter long immediately at the VAH because the upside reference demands it
  2. Because the D-profile is balanced, the Naked POC at 1.0920 is cancelled out and should be removed from the chart
  3. A responsive buy at the VAH is correct because the Naked POC above always overrides session structure in balanced markets
  4. In a balanced session, the VAH at 1.0880 is a responsive sell zone targeting back toward the POC at 1.0865; the Naked POC at 1.0920 only becomes relevant if price breaks out of the current session's value area and accepts above the VAH

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