Hi PGD - just a quick comment whilst we digest the overnight move on dollar weakness during the stalled budget negotiations - be prepared for more fast moves as rumours and news come out http://www.forexfactory.com/images/icons/icon12.gif
As we never know which SS or pivot level will get respected, I find that adding the S&R levels to highlight recent turns really helps.....
Also, along with the O/S CII with divergence, volume gave us a heads up that buyers were entering - VSA is all about what happens several candles before a turn - here, look at the high vol graveyard doji 6 candles before the actual turn.
I see a Potential Buy Stop a pip + spread above the green line at BS 1, after the wider maruboso failed to follow thru, ditto at PBS 2 and finally in after PBS 3 is hit......OR wait for the HL and break & turn of MA at PBS 4.
As we never know which SS or pivot level will get respected, I find that adding the S&R levels to highlight recent turns really helps.....
Also, along with the O/S CII with divergence, volume gave us a heads up that buyers were entering - VSA is all about what happens several candles before a turn - here, look at the high vol graveyard doji 6 candles before the actual turn.
I see a Potential Buy Stop a pip + spread above the green line at BS 1, after the wider maruboso failed to follow thru, ditto at PBS 2 and finally in after PBS 3 is hit......OR wait for the HL and break & turn of MA at PBS 4.
Trading Levels with WRBs