Get started

Woowoo

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