AUDUSD M15 After Distribution – Trade Analysis

AUDUSD M15 After Distribution – Trade Analysis

17 May 2016, 19:25
Leonardo Barata
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In this trade a long was taken at the strong VSA signal, though there was distribution behind. This is seen by the multiple Major Supply signals, with the prices not advancing further. A bit after, there was an upthrust bar (pink bar), showing more supply, and a successful no-demand test (light pink bar).

In the entry point there was some buying, though it wasn’t enough to stop the trend. The buy-stop should also have been set above this bar’s high (http://www.analyticaltrader.com/products/vsatrader/trading-setups/trend-trading/supplydemand-background/), which comes as a price confirmation of strength.

 AUDUSD Failed VSA Setup 

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