EURUSD long trade on 11/11/22
- Trade with absorption volume which shows sign of strength (SOS). The sign of weakness (SOW) early on was not confirm and price push higher which now confirm smart money have absorb the supply and may push price higher again.
- VSA chart:-
- Time of entry 1:00pm
- Max profits 5.87R
- This trade classified as an A trade (broke old top with major SOS and accompanied by climactic volume).
- Trade also follow up trending market in general, this support bias for a long trade.
- This also following the effect of major news event on previous day, which was US CPI data.