GBPUSD long trade base on Wyckoff VSA principle.
Pre-Analysis:-
- Climactic volume appear as shown on the chart.
- Price broke higher than wide spread bar.
- Pullback happen, entry can be taken on no supply setup.
Entry:-
- The no supply (ns) bar appear 2 times.
- First bar the test was failed
- Second bar also the test failed.
- Entry made base on assumption that effort (ef) as the hint that price might go higher.
Post Analysis:-
- Assumption of effort bar (ef) as hint was wrong.
- Price attempt to go high but eventually went back.
- I was lucky to close trade with small profit.
- Never assume anything, stick to pre-define setup, in this case success test after no supply (ns) bar.
- If test failed than take no trade, stay aside.
