GBPUSD - Sign of weakness aprea
This is Daily GBPUSD Chart as on 22-Jan-19, Based on VSA Analysis.
At point 1: Up bar appear with ultra wide spread and high volume, this is confirmed sign of strength and bar is “After shake-Out”. There is weakness in the background and this sign less important.
At Point 2: There is up bar with wide body and normal volume closing near the high. This is no demand sign.
At point 3: This is down bar with average volume and average spread closing at bottom which confirm the previous bar of NO DEMAND.
In overall picture we can expect more down price in coming sessions.
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At point 1: Up bar appear with ultra wide spread and high volume, this is confirmed sign of strength and bar is “After shake-Out”. There is weakness in the background and this sign less important.
At Point 2: There is up bar with wide body and normal volume closing near the high. This is no demand sign.
At point 3: This is down bar with average volume and average spread closing at bottom which confirm the previous bar of NO DEMAND.
In overall picture we can expect more down price in coming sessions.
Follow us for more VSA analysis:
t.me/vsaanalytics
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