<TradeVSA> No Supply (NS) Appeared in Accumulation...What's Next1. Accumulation stage
- A shakeout with low volume during the accumulation
2. Buyer overall in control
3. NS bars near Support
- Price started to trade above 20 / 40 MA
- Trading in green pentagon
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
VSA
FCPO Trade - 19 Oct'20- There was a nice setup where we can see few downbars with increasing vol. We have SO bar on VSI vol. at 14:51. The next bar is a small body with low vol.
- Set a Buy Stop (middle of the trading range) and Sell Stop (just below the Support).
- Price hit Buy Stop. Follow the trade with Target Profit set.
- I did not use Stop Loss in place; instead I use my Sell Stop so that if the price decided to go the other way, it will close 1 Long contract and activate 1 Short contract (this is for advance method; for newbies, stick to Stop Loss).
Note: On the Stop Loss, why I wanted to put "-1" (before the my Target Profit got hit) was because that is the breakeven point should the market decided to go against my favor. As the market goes higher, I can raise my SL as well i.e. "-3" or "-5" and so on.
<TradeVSA> Pullback Trade in WidadStrength Signal in the chart:
Daily Chart:
1. Green pentagon bullish signal in re-accumulation
2. Pullback completed and supported with NS signal
Hourly Chart:
3. Green pentagon on 28 October confirm the pullback setup
4. Double NS in the mark-up stage with hourly pullback
5. Potential pullback trade, wait for another NS signal ?
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
BTC Showing Signs of Weakness - Drop to 10400 Possible #BTCUSDTThe price rejection at 10680 signals a reversal in the market and inability for support to form at these levels
The next significant support level is 10400 and the range between 10400 - 10600 may continue for a while as re-accumulation occurs