This is Daily GBPUSD Chart as on 22-Jan-19, Based on VSA Analysis.
At point 1: Up bar appear with ultra wide spread and high volume, this is confirmed sign of strength and bar is “After shake-Out”. There is weakness in the background and this sign less important.
At Point 2: There is up bar with wide body and normal volume closing near the high. This is no demand...
Based on Volume Spread Analysis, in XAUUSD pair,
point 1 is "Supply in coming in the Market as volume is increasing in down bar and this can be a climatic action.
Point 2 is "No Demand" where an up bar is with volume lower than last two bars.
Point 3 is Upthrust bar.
Point 5 is also "No Demand" bar.
We could expect more weakness in this pair in coming...
