EURUSD Markdown

Dynamic trend: Turned down

Background: W1 – weak; D1 – weak

Phase: Mark down


EURUSD Markdown

EURUSD Markdown

In point 1 the bearish signal is a top reversal. Volume is very high. VSA showed major supply.

In point 2 – «No Demand», which confirms the weakness in point 1.

In point 3 – «Up‐thrust » with normal volume and wide spread. In this case such volume and spread means that supply has overcome demand.

In point 4 – breakout. The next bar confirmed the breakout.

If prices get back to area 1.10 and no demand appears (such as low volume up bars, or VSA no demand signal), I’ll consider taking a short in this area of previous weakness.


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