FX:JPYBASKET Was anticipated to break the highs on the 6th of May last week. However, a decent correction was made and anticipating another push to break the recent highs again from current range.
BITSTAMP:BTCUSD Is setting a move up with a decent probability of roughly 70% to target 8500$. A drop is estimated on a ratio of 30%. The view is based on Supply and Demand and CFTC COT Report.
Follow for more setups and updates...
Pick Date : 03/21/18
Entry : 0.9251
Stop : 0.9226
Target : 0.9550
Income Type : Swing
0.9251 is a newly formed 8H demand zone nested in a weekly demand zone . Will be doing a set and forget limit order. Price will need to have a strong move into the zone.
0.9226 is 25 PIPs right outside of the high for some...
The bat pattern must be my favourite pattern, adhering to the very strong 88.6 Fibonacci level and reacting nicely to that area more often than not. This might be no exception, and it's going to be interesting to see what the currency does at this level. I might wait before trading this setup, in the face of a very strong up move, but in terms of a short bat...