Forexfargofamily
BTCUSD POTENTIAL BUYS +200-800 PIPS WASSUP TRADERS, #FOREXFARGO CHECKING BACK IN!
NOT THE BEST WITH THE BITCOIN ANALYSIS BUT HERE WE GO...
BITCOIN ANALYSIS.
Confluences:
-Reject/Bounce off Daily Descending TL
-Bounce off May Support Level
-4HR potential Doji
-2hr potential Spinning Bottom
-1hr shows multiple rejections at 7175ish
BUY STOP @ 7200.00
SL @ 7165 (-35 PIPS)
TP1 @ 7385
TP2 @ 7555
TP3 @ 7800
TP4 @ 8200
TP5 @ 8555
POTENTIAL XRPUSD BUYS +100-500 PipsWassup Traders,
#ForexFargo checking in!
Analysis on #XRPUSD.
Confluences:
-Potential Double Bottom within Demand zone on Weekly & Daily
-Potential Rejection/Bounce off Daily Descending TL
-4hr shows potential doji candle closure or hammer
-1HR shows Hammer candle formation
-No candle closure below 0.23000
BUYXRPUSD @ MARKET EXECUTION
BUY STOP XRPUSD @ 0.23250
SL-35 Pips Each Position
TP1 @ 0.23850
TP2 @ 0.24350
TP3 @ 0.24850
TP4 @ 0.25350
TP5 @ 0.25650
TP6 @ 0.26265
TP7 @ 0.26725
TP8 @ 0.27555
Gold Short Potential 200+ Pips Looking For Gold Shorts around 1520 area.
"There must be buyers, in order for there to be sellers"... so with that in mind, I am factoring in the fact that Gold dropped 300 pips yesterday.
AS OF TODAY, Gold had seen price wick down toward 1500 before USD News release came out today before making a small rally.
Tomorrow, we will have more News release however with the Fed Member Quarles speaking, I believe we are in for yet another huge drop.
When price enters my zone around 1520 or blue trading bubble, I will be looking for entries as follows:
SELL LIMIT @ 1520.50
SELL LIMIT @ 1522.50
SL 1525.50 (WILL RE-ENTER IF SL IS WICKED OUT)
TP1 @ 1510.85
TP2 @ 1502.50
TP3 @ 1494.50