DislikedWould anyone comment on this regarding VSA Principles on HTFs (3-hr or 4-hr TFs) / LTFs? Thanks {image}Ignored
You read the bars correctly, the second up bar had high volume like the first but was not able to break into any higher ground which is weakness. The only issue I can see is your ND isn't a ND. The spread is too wide, the body is too wide and the volume is too high. Basically that bar is a 2 bar reversal.
I don't see any trades that I would want to be in, I do see the 2 bar reversal rejected the close of the first high volume up bar and price came down make a LL which is bearish.
The only other thing I can really say is that if you look at it on Daily, the pair as been going sideways for a while and right now price is on the low side of the consolidation period which is a dangerous place to take any shorts and if you add the weakness directly above this I wouldn't want to be long either. I would look for something better to trade.