cobusvdm

cobusvdm Updated 

1. Long on break of 38.2 Fib (61.8 on reversed Fib) of Daily high/low range 2. Entry on 5min chart 3. RSI Composite & RSI bullish momentum (above moving averages & moving averages crossed higher) 4. Target 1: 89.0 Fib (move stop to breakeven) 5. Target 2: 161.8 Fib extension of daily high/low range (take 100% profit) 6. Stop: below 50.0 Fib of daily high/low...

cobusvdm Updated 

1. Long on break of Nov 8 weekly high 2. Strategy: Break of weekly high low range on strong volume 3. Target 1: 127.0% Fib extension of weekly high/low range - move stop to breakeven 4. Target 2: 161.8% Fib extension of weekly high/low range - take 100% profit 5. Stop: Below 89.0 Fib of weekly high/low range 6. Potential RR: 1:2.73 7. The break saw...

cobusvdm Updated 

1. Long on break of 38.2 Fib (61.8 of reversed Fib) of September high/low range 2. Momentum on steady uptrend - RSI & RSI Composite index moving averages crossed higher 3. RSI & RSI Composite index levels above moving averages 3. Good volume on break 4. Final target: 161.8 Fib extension of September high/low range 5. Stop: Below 50.0 Fib of September high low...

cobusvdm

Taking a closer look at the Bitcoin ( BITSTAMP:BTCUSD ) weekly chart, the following interesting observations deserves some consideration: BTCUSD has been in a very strong bull trend this year, making higher highs and higher lows So far we haven't seen a break of this pattern of higher highs and higher lows this year - this is especially evident on the...

cobusvdm Updated 

Buy BTCUSD as price found support at 38.2% Fib Extension at $4,175.27 & 50 day moving average support at $4,170.33 Trend is still to the upside Current move is part of the 5th Elliot Wave of the 2017 move Targeting 2017 High Day Close at $4,921.70 Minimum potential Risk Reward target of 2

cobusvdm Updated 

FX:USOIL had been retracing its bearish trend the last two weeks. It is now currently at key resistance zone. Short order set up for the following reasons: Overall trend on daily chart is down Price resisted key resistance zone at 47.00 to 47.75 (previous April 2016 to June 2017 channel support now became resistance) Forming a shooting star candlestick...

cobusvdm Updated 

Short NZDUSD at 50% retracement of June 27 shooting star / pin bar. Reason for trade: Price at key range resistance False break of channel resistance Shooting star / pin bar price action formation USD oversold given Fed hawkish tone and NZD overbought given RBNZ dovish tone Therefore USD at good discounted value 1:2 Risk/Reward potential

cobusvdm Updated 

Short FXCM USDOLLAR Index on break of trendline and swing low support of June 04 at 11860 Stop at 11912 Target at 11740 Therefore 1:2 Risk to Reward ratio This market is still retracing the longer term bull trend. First target is the 38.2% Fibonacci Retracement support. A break below 11737 could open up losses and see May 14 low of 11634 as next support.

cobusvdm Updated 

XAGUSD Reason for going long XAGUSD: False Break of key support zone 16.50 - 16.60 Pin Bar / Spinning top Within well established range Potential Risk/Reward > 2