GBPUSD - experiment with VSA sign of strength Here I am trying an experiment in a 15M chart, if VSA sign of strength and weekness can show me a way to deal with market. I will appreciate if somebody help me here in this issue and topic.
VSA
Live FCPO Trade - 14 Dec'20- We went Long following the US Soybean Oil price movement.
- Place our Buy Stop @ 3440 with TP @ 3450 (10pts) and SL @ 3434 (6pts).
- Hit TP within less than 6 mins when our Entry triggered.
Signs of Strength Clear Path to 20k - BTCThe Last Point of Support seems to have occurred on the 1hr chart of BTC above the most recent accumulation channel
Next major resistance is at 19500
WMG - Shakeout Completed..Ready to Head to Resistance soon!1. High volume Line Change
- Great effort bar to monitor for potential support and resistance
2. Shakeout area
- Removal of weak-hand holders
3. Shakeout completed with high volume
- Confirmation of Strength signal with higher volume
- NS at the previous support (low of Line Change)
Looking for low risk entry near low of NS bar
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Re-Accumulation Starting in BTC #WyckoffThe re-accumulation is a sign the recent retrace in BTC is short-lived
Wait for LPS as confirmation before a additional long entry
Merged Distribution and Accumulation Ranges - BTC #WyckoffThis is cool, the last minor distribution range and the newly forming re-accumulation range in BTC as back to back
Looking for a Jumping Across the Creek (JAC) and/or Last Point of Support (LPS) next to break the 19700 resistance level
Small distribution range causing price to retrace - BTC #WyckoffExpecting shorts to be in control in the next couple days at least down to 18k
It appears to be a relatively small correction, the major, overall trend is still up
Waiting For Last Point of Support - BTCOnce price retraces to the top of the accumulation zone (LPS) and the test confirmation is successful BTC should bounce to 20000
Drop down to 18000 Likely in BTCThe inability of price to break the 18900 level suggests a sharp move back down to at least 18000 is likely
If 18000 doesn't hold the next stop is 17k
<TradeVSA> IFCA - Reversal Completed...Ready for Resistance !1. Accumulation Stage
- NS as support
- LIne Change high volume indicating buyer in accumulation
2. Shakeout to remove weak-hand holders
- A wash with Spring before test resistance in accumulation
3. CoC Setup follow by NS signal
- Reversal completd with CoC
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> Dnex - Reversal Setup is Ready!1. Mark-Down with average to low volume
2. Potential Change of trend with high volume Line Change bar
3. CoC setup with strong confirmation on removal of weakhand holders
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
EURGBP Bulls in ActionEURGBP bulls are accumulating strength. The ultimate target seems beyond the 0.9000 mark as long as the price remains above 0.8860 area.
Live FCPO Trade - 9 Nov'20- Market opened gap down and close on upbar with VSI.
- Noticed that in the morning session, price is hovering just below the upper Downtrend line before closing.
- Price did try to go up before move up but end up closing on the low with low volume; subsequent bars hold above the low of the opening bar (Evening session).
- Price broke this line with high volume; subsequent bars it tried to climb back up but closing with a topping tail formation. At this bar, I set my EP at 1 bar below the low of the opening bar (3180) and another EP at 1 point below the low of the SO bar (3174).
- Subsequently, both EP triggered and hit TP at 3166. Noticed that price at this bar touching the lower Downtrend line.
Break of 15800 Resistance Imminent - BTCBreak of 15800 Resistance Imminent, next stop is 16440
Today's close completes a reversal on the Daily which is a powerful signal and reconfirms the move up to 17000
