24 Sept 2021

23 Sept 2021 (Trade Example): CHFJPY

 Trade example, CHFJPY (long trade) base on Wyckoff VSA principle.


- Background sign of strength as confirm by price broke high of climactic bar as marked with red arrow.
- Price broke climactic bar by effort bar (ef) then immediately test back the high level of climactic bar.
- Price test MA and no supply bar (ns) appear.
- As test of no supply (ns) success, then entry can be made
- Profit of max 3.94R

Below is other example with EURJPY & GBPCAD

EURJPY (long trade)


- This set up almost similar to CHFJPY
- The only different could be trade management. Notice price came back to entry level. If stop move to breakeven then it will close.
- There was another entry spot as marked with arrow (1).

GBPCAD (short trade)