Main trading ideas on financial markets for 18.10.2018

ZECUSD

Zcash was able to consolidate above the Pivot point and growing to the R1 – resistance at $ 124 level on the American session. As we expected, bullish forces weren’t enough for a significant rally. Nevertheless, on the ZECUSD chart, we can see one of the strongest volume spikes of late. Chaikin money flow indicator rose above the values that were in the previous testing of R1. This suggests that the coin has the potential to reach our goal of $ 177 after it breaks through R1 resistance. So we will buy ZECUSD if it rises higher than R1 level and put a take profit order to $177 level.

USDRUB

USDRUB currency pair is testing 65 support for the second time. If the pair bounce from the level once again there will be a “double bottom” pattern with a neck equal 67. So we put Buy Stop order at 67.50, a Stop Loss order at 66.50 and a Take Profit order at 70.

So our targets for:
Zcash – is buying after breaking $124 resistance with Take Profit $177
USDRUB – buy stop at 67.50, Take Profit 70