In this thread I’m going to post intraday Fibonacci levels that I’m using for opening positions. Hope that will help.
GBPUSD - 26/01/2021
Possible trend : DOWN
Here are the target Fibo levels :
N1: 1.3650
N2: 1.3632
N3: 1.3603
My plan is to take some buy orders when the price reaches these levels and take advantage of the rebound ; in the following graph, you can see my levels marked by some green arrows.
My plan is to take some sell orders when the price reaches these levels and take advantage of the correction ; in the following graph, you can see my levels marked by some red arrows.
All yesterday trades have been closed with more or less profits, which is a good think ; it remains me only a USDJPY block of positions, which I’m planning to close today, if the market allows it.
That being said, here are the levels for today :
EURUSD
Possible current intraday trend : DOWN
In that context, I’m looking for BUY orders at these levels :
Last friday, some pairs have changed intraday trend regarding the system rules ; when that occurs, I draw new Fibonacci levels in the direction of the new trend ; I didn’t have time to post updates last time, but I will try to post the updates next time they occur.
Reminder : in that system, when price touches Fibo level ZERO, we say that the intraday current trend has changed.
Here are the levels for today 01/02/2021 :
EURUSD
Intraday possible current trend : UP
In that context, I’m looking for SELL orders at the following levels :