TheShakeOut

EURUSD showing no supply with the lowest activity of the year

CME:E61!   Euro Futures
The chart tells a story and the story unfolds bar by bar.
it was holiday... thin trading... still a valid signal for you ?
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TheShakeOut trading303
Thank you for your comment @trading303. Yes, it is a valid signal. We have to take into account that professionals are always monitoring the markets. Low volume, or low trading activity, shows there is little professional selling on those prices.

We have to wait for confirmation by the next bar. The next bar did not confirmed the test and it is actually showing more weakness:
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