I've been using Price action and SnD levels to scalp / day trade for the past 6years, and FIbs are one of my favourite tool to use on the Day and 4 hour time frame , to gauge the possible short term movement. Fibs Values: Only the first 5 boxes, right and left 1st pair: 0 <> 0.236 2nd pair: 0.382 <> 0.618 3rd pair: 0.764 <> n/a 4th pair: 1 <> -0.25 5th pair:...
H4 88.6 Respected. DXY is still bearish, hopefully, we see these upside targets get met. Happy trading!
Gaps don't always have to be fulfilled; trapping retail sellers. (I was one prior to this OB being filled) Happy trading everyone
Reasons for this trade: 1. It broke the trendline confirming a reversal for the downtrend 2. Its currently at a zone (78.6 - 88.6) 3. As long as it doesn't break the last high ( at the 100%) then this will be a nice bearish move
1. Big break of Trend to the downside 2. Currently retracing to our entry area 3. Look for short around the 50% area
1. This pair broke trend via the trend line break 2. It created both swing points to place the fibs in a down trend 3. Patiently wait for entry in the yellow zone 4. I see a nice flip zone at the black zone.( An area in the market where it was once support and resistance)
So I have been been diamond handing an API3 trade with an avg of $7.3 for this entire month , In reality I should've sold earlier, and would've had plenty opportunities to lower my cost average and would've probably been in profit by now but sometimes that's what happens when you've bought the dip and but the dip keeps dipping, now it seems like the most of the ...
Seems like API3 might be following these fibs, if bulls pull trough I think we can go up to around 9 before another retracement - or it could just all go down and completely invalidate the structure, just putting this out there.
GEMINI:API3USD What do you think of overlaying fibonacci as such ? I often use this and many other variations to find confluence areas.
All together its a downtrend contraction to the low side and im pretty sure its just filling this intrest point so that it may continue down to at least head to the daily zone low to take liquidity
CHFJPY SELL Market Execution Also another entry at the weekly resistance its currently rejecting in my conviction zone on the smaller fibs (the grey top zone) if it breaks the lower grey zone, look for continuation for the drop or add another entry if you want to learn more on FIBONACCI dm me "FIBWORK" on IG: wynneinspired
EURUSD Market execution Buy Rejection in my buy zone (yellow area) More wicks rejections the 50% or 618% gives another confirmation to buy
27 - July - 2021 USD JPY SHORT Trade it based on what market will do next hours I used 100 MA and 3 MA to define the trend on daily chart. I used fibs from lowest point after trend changed to see the levels On daily/ weekly/ monthly chart I identify " Bearish Harami " that indicate me a possibility of trend change . Bearish scenario : I aim for the...
ON THE 1HR TIMEFRAME PLACED FIBS FROM SWING LOW TO SWING HIGH WHICH GIVES THE BUY SETUP WAIT FOR ENTRY AT THE BLUE LINES WHICH IS YOUR ZONE TO BUY FOR CONTINUATION IT REJECTS OFF THE 618 PERFECTLY
I go in detail on the chart. We see price break a lower high and a lower low on three 15 min candles, aka meaning its a strong move which you can run your fibs on. Found great confluence.
I go in great detail on the chart. This was a EMA cross, first bounce trade.
I go in detail on the chart as to why I believe price will sell. STRONG support and resistance on 4 hour, daily, weekly and monthly. 4 hour and daily also show us that price is currently in a down trend according to EMA lines and price direction (trend).
Began as a EMA cross first bounce trade, turned into a fib layout break trade. I go in detail on the chart on different confluence points.