If this candle closes below 3076, it's a sell. Only catch is - the downwards breakout from the wrb sell zone is not happening on high volume (currently at 1:35 PM PST).
Trail your way down. Next bullish WRB hidden gap zone is at 2624
WRB Zone created via a key market event. If/when price action returns back to the WRB Zone...it activates the resistance and support levels of the WRB Zone. I only look for trade opportunities within WRB Zones. Thus, I ignore trade signals that appear outside of any WRB Zone that I'm monitoring - wrbtrader
Combining VSA with WRB (Wide Range Bar) analysis to be able to spot imbalances between supply and demand can be an extremely powerful tool. This is the highest priority entry rule I have when deciding to enter a trade or not. I am not going to discuss on how to use them for entries, but I will talk about this subject so you will get a clear understanding why WRB...
Here we are looking at USDCHF from late last year. This is the storyline
1. Price is in a clear downtrend
2. At new lower ground, volume suddenly picks up violently and further down move is absorbed by buyings. Are the Smart Money suddenly buying here?
3. Here we see a quick shakeout on high volume which is quickly marked up again, the bar closes in the middle...