Trading London Open in EUR JPY
In this trade, I went short after VSA gave a weak signal, together with the weak background + weakness nearby for quick 30 pips. It’s usually a strategy that works in London open, as volumes tend to spike at these hours.
Taking the VSA signal at London Open
- The background analyzes both the trend and supply/demand signs in the market. In this case, it was showing that the market was weak, which means you should be looking for shorts
- The market showed weakness behind, seen by the wide high volume (red) down bar, closing on the lows. This is a supply sign, that is even more important during a downtrend.
- Finally, a weak VSA signal (minor supply) triggered the trade, and a sell-stop was used at the bar’s low.