BCOUSD UPTREND ANALYSIS 8 - 12 OCTOBER 2018

UPTREND
SWING HIGH - 87.338
SWING LOW - 70.058
BROKEN STRUCTURE 79.688
PREDICTION: 86.958 - 91.610
NEXT RESISTANCE - 79.688
LOOK FOR LONG ENTRY REASONS ON SHORTER TIME FRAME FROM 81.00 - 78.00
ONLY PLACE TRADE IF RISK TO REWARD IS <1
STOP LOSS: .786 RETRACEMENT
TAKE PROFIT 1: .236 RETRANCEMENT
TAKE PROFIT 2: 87.338
TAKE PROFIT 3: 1.272 RETRACEMENT
KEEP IN MIND RSI AND MACD ARE DIVERGING BEARISH
PLACE STOP LOSS TO BREAK EVEN WHEN PRICE HIT'S FIRST TARGET
LOOK OUT FOR ECONOMICAL EVENT'S
THIS IS JUST MY ANALYSIS IT COULD BE RIGHT OR WRONG.
PLEASE LEAVE POSITIVE FEEDBACK, CRITICISM, YOUR THOUGHT'S AND YOUR IDEAS
lIKE IF YOU FOUND THIS USEFUL AND FOLLOW ME FOR MORE IDEAS - I WOULD REALLY APPRECIATE IT
GOOD LUCK, TRADERS