gillianpatrice

FCTBTC - Classic Bell curve and fat tail

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POLONIEX:FCTBTC   None
Long to a point then it's time to wait to see who is in control This formation tells me that FX traders and Instutional players are in the market. I like this pattern as the fat tail winds it's way up to the top of the curve eventually. However the daily is still Bearish. Enter with caution as you will be met with Bulls at the various levels I have in depicted. However on the 4hr chart we have a COT the resistance line has been broken - So I have decided to go long until price fails me on an hourly showing me a Lower low than the previous swing. Then I will take my profit.

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