Are we going up? EURUSDWhat we see here is a Bull 123, Hidden Divergence
PA potentially may find support at the 200MA, i can expect a few pin bars down to a previous demand zone at 1.10702/1.10518 and the ascending TL. We look for an entry on the lower TFs to get into this move.
Look like i'm The Bullington Today. Lol
Up
Asterias Biotherapeutics, Inc. triangle breakout Yesterday AST closed its session gapping up and breaking an upward triangle which might become a strong bullish opportunity. Although general downward motion is still intact, double bottom which was formed at the beginning of July and triangle breakout have every chance to finish with bearish mood.
We would project the price to go up and reach at least $3.60 where it might stumble upon a gap resistance and trade down.
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UKOIL Long-Term + Mid-TermUK OIL Giving Opportunities for Shorts and Longs Mid-Term and Long-Term
In a range between 30/50 Day trades mostly (Not holding long-term positions)
One Trade from price level 30 Long with Tight SL on positive side (Holding if we break up)
Pending Long Order at price 54.00 Flat if we break and continue up
Possible neutral at least till end of year in this range of price level 30/50
Happy Trading
www.iBrokers.ee
Don't miss this one on USDCADBeing ranging for couple of weeks and squeezed in the triangle the price has finally showed us where it wants to go. We've had a massive break above the triangle and now retracing/retesting the level as resistance. So many confluences on the higher time frames showing the bullish bias and it's a perfect opportunity to be with the trend! So according to the rules of the graphic patterns trading, we will have our target at around 1.39000 level which is a confluence with our weekly ascending trend line. We might see some struggle at 1.33180 level as it's out monthly key resistance, so if we'll have an opportunity to enter in this trade today make sure that you'll have your trade at breakeven when the price will be approaching that level.
GBPUSD Weak as my grandmother. 1. Supply coming in: up bar wide spread with high-ultra high volume closing off the highs of the bar follow by a down bar that confirms this weakness (2).
3. No demand bar: up bar with average-wide spread closing off the highs with less volume than the previous 3 bars, this signal needs to be confirmed with a down bar.
4. Trap up move: down bar with super wide spread, clossing off the lows with high volume, may some demand enter in this bar, but you will know it if the next bar closes high.
5. Gotcha bar: down bar with ultra wide spread, closing at the lows or near the lows of the bar with ultra high volume, this bar confirms the weakness of the previous bar, and, confirm the weakness of the sequencial of 1 and 3 signals.
6. Stopping volume: up bar closin at the highs or near the highs with high-ultra high volume, this bar confirms that may there is some demand in the previous bar, but you need confirmation.
7. Supply coming in: down bar closing on the lows of the bar, with high volume. This bar says: if there is some demand in the previous bar, why i close at the lows? because the market is weak.
8-9. Test's: down bars with average-narrow spread closing at the lows-near the lows with volume less than the previous 5 bars. The second test is seeing after a gap so if it confirms, may we have some demand in the market. (The next bar is up but with low volume, so, the tests doesnt confirm).
10. Up-thrust. Down bar that is marked up at the beginning of the bar to close down, average-wide spread with average volume, this confirms the weakness of the failed test (9).
11. Up-thrust (my favorite in this chart). Down bar that is marked up at the beginning of the bar to close down, average-wide spread with average volume, this bar confirms that the market even in over-sold state, will not go up because there is weakness. This signal is seen in a zone of previous weakness (signals 5, 8-9, 10) so you can assume that the market will not go up until demand in form of test's or no supply-shake out take place.
12. Bottoms reversal. Down bar, ultra high-volume, wide spread closing at or near the lows followed by a up bar wide spread closing at or near the highs confirms demand in the previous bar (the down bar). This signal need confirmation (up bar with average-high volume) but how can see, the next bar is a narrow spread bar with volume less than the previous 5-6 bars.
13. Test. down bars with average-narrow spread closing at the lows-near the lows with volume less than the previous 2 bars.
14. Potentional climatic action or gotcha bar. Down bar with wide spread closing at the lows with ultra high volume. This bar take place and closes lower than all of the bar seen before it. So you can assume that if the next bar is down, this bar shows that smart money is selling.
To take a short trade: wait until the next bar closes, if this closes down (for the time of now, the bar looks like a up-thrust, that is a signal to go short) and it breaks the support line of the previous bar, you can scalp or trade in this timeframe to the short side.
I prefer to scalp the market when i see a up thrust, no demand, supply coming in after the breakout of the support line.
This methodology is purely VSA. Sorry for my bad english, im'not a native speaker.
Gold UpDespués de una semana de alta volatilidad en el Oro en la que el precio se ha mantenido entre de los niveles de precio establecidos en 1.268,30 y 1.225.62, iniciamos esta semana en zona de soporte dentro del canal lateral con una suave tendencia alcista construida en las últimas 4 semanas.
Para esta semana establecemos como niveles importantes de soporte los precios 1.225,60, 1.210,85 y 1.197,62, bajo nuestra opnión solo la ruptura del nivel 1.225,62 provocaría la caida del precio hasta los siguientes niveles, además de iniciar un nuevo proceso tendencial a la baja en el activo, por tanto estaremos muy pendientes de la reacción del precio en este nivel clave.
After a week of high volatility in the Oro in which the price has remained between price levels established at 1,268.30 and 1.225.62 , we began this week in support area within the side channel with a mild uptrend built in the last 4 weeks.
For this week we set as important support levels price 1225.60 , 1210.85 and 1197.62 , under our opnión only breaking the level 1225.62 cause the price drop to the following levels , in addition to start a new process downward trend in the asset, therefore we are very aware of the price reaction at this key level