2h
AUDCAD : BUYTRADE PARAMETERS
Pick Date : 03/21/18
Entry : 0.9980
Stop : 0.9960
Target : 0.0180
TRADE STRATEGY
Income Type : Swing
ENTRY
0.9980 is a newly formed 2H demand zone on zone. Will be doing a set and forget limit order. Price will need to have a strong move into the zone.
STOP
0.9960 is 20PIPs right outside of the low for some protection
TARGET
0.0180 is the same weekly supply zone.
A 4H supply zone was formed, will be hard to break the first test.
NOTES
A second re-entry is possible maybe more probable too lower.
Entry : 0.9950
Stop : 0.9930
Target : 0.0180
BTC/DOLLAR 2H ChartAs we know, BTC is still in a downtrend. Within this downtrend we see a uptrend channel, bitcoin moved up slowly the past two weeks. In my opinion it has to retrace to build some momentum. The yellow ellipse would be a perfect support line. This is around 9700/10000 dollar. If this support line holds it will consolidate around that price. If it breaks downwards next support lines are 8300/8600 and 7800/8000.
Keep an eye on the next couple of days, BTC could hit a double bottom at 6000 or even lower.
This is not financial advice. If you have any feedback or remarks, feel free to leave a comment.
Zclassic ZCL/USD
Zclassic
Now we are in the flat zone and descending channel the downtrend is leading to strong and risky 78.60% Fibo. There we can buy, make order - my advice.
Soon we come closer to the resistance line and go to the second(for now) strong lvl 38.20%. There we can TP.