EURUSD Intraday Snapshot (Trend, Levels, News, More)

Trend (short-term): DOWN
Market Background (mid-term): WEAK
Supply/Demand: Recent Supply @ 1.1532
Support (nearest): 1.14322
Resistance (nearest): 1.16215
Next Event: German PPI m/m (19h 59m)
Next High Impact Event: Main Refinancing Rate (3d 1h 44m)
Volatility: REGULAR (+10% avg.)
Daily Range (Expected): 1.1477 – 1.1544 / 77% of avg. daily range Completed

HIGHLIGHTS:

  • Recent Institutional Selling detected

EURUSD

Here we have a good example of how VSA signals can be used with our new daily range indicator. The background of higher timeframes (H1,H4,D1) is weak and there is a supply signal on top of daily range area (1.1477 – 1.1544 / 77% of avg. daily range Completed). At nearly 8o% and above we should look for reversals entries. Also, there was a good shadow on signal candle showing us how bears pushed the price down out of the upper daily range area. When everything gets alined as in this example that is when we want to open our trades.

 

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4 comments

Andrii said:

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October 22, 2018 at 10:31 am

How can one get new daily range indicator?

Andrii said:

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October 22, 2018 at 10:38 am

We have bullish effort @[email protected] bullish low volume test of support @H4 1.1431 and Bearish Low volume test @H1 as on the screen The situation is pretty balanced at the moment. https://i.imgur.com/oRq8bBO.png

Andrii said:

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October 22, 2018 at 10:39 am

bearish low volume test of horizontal volume @H1 @1.1550

AT Support said:

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October 22, 2018 at 11:34 am

It is our new indicator that we are testing at the moment. It will be available soon.
This example shows an opportunity for a short term intraday trade.

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