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Magicfibo

Selling Gold on the RetracementI'm under the impression that Gold will correct to approx. $1254. I've got a 'Magic Fibo' target, an Elliot Wave ABC corrective wave target, and low volume nodes on the volume profile. We've just broken below, and retested some pretty heavy intraday support, and with that my algo triggered for a sell on the 15m candles. Really liking this entry. Putting stop-loss at a comfortable $1294.66. Take profit a little above support at $1257.66. Win gives us ~300 pips. A loss takes ~80. Hope it drops, and drops hard!
OANDA:XAUUSDShort
by DonjonCapital
Potential ~250 pip SHORT on EURJPY - Magic Fibo?I've had a lot of success trading these 'magic fibo' numbers. IF the price comes up to test the 61.8% retracement (~129.895) of recent down move, test it, fails to break through, reverses, we have a pretty, pretty good look here to make a high probability swing trade down. We are looking to IDEALLY take profit at ~127.337.. I felt that volume profile was showing me some pretty good support around that area, so I drew a pretty large 'take profit' box. I'll be looking to take profit anywhere in that area. 250 Pips if it works! I'll update with more info if I find any.
by DonjonCapital
4
Yikes! BTC to $4900?!? Short it?!?Another 'Magic Fibo' level hit, and therefore a profit target. But.. $4900?! Sucks. This is the first bearish TA I think I've ever done on BTC, myself. We'll have to see! There should be some fierce support around $6460, the 61.8% retrace and volume profile POC. IF BTC drops about this low, I'm buying a bunch, I know that.. I was late into this trade, so I'll be waiting for a retracement, but I believe I will take the short sell. Shout out to Steve Gregor for his badass Fibonacci lessons.
BITFINEX:BTCUSDShort
by DonjonCapital
2