Fibonacci levels for intraday trading

Trading Discussion Currencies
135

Good morning everyone,

Here are the Fibonacci levels I’m watching for today :

EURGBP

Current intraday trend likely : DOWN

N1: 0.8642
N2: 0.8629
N3: 0.8612

See the following chart :

[IMG]
[IMG]1138×891

136

Yes, the Fibonacci level is very important. I do trade analysis from a retest of this level.

1 Like
137

Good strategy

138

Hello everyone,

Here are the Fibonacci levels for today intraday trading :

GBPAUD

Current intraday trend likely : DOWN

N1: 1.7928
N2: 1.7873
N3: 1.7809

See the following chart :

1137×891

139

Hello everyone,

Here are the Fibonacci retracement levels for today :

GBPAUD

Current intraday trend likely : UP

N1: 1.8065
N2: 1.8105
N3: 1.8159

See arrows on the following chart :

1136×892

140

EURGBP

Current intraday trend likely : UP

N1: 0.8641
N2: 0.8650
N3: 0.8663

See arrows on the following chart :

1137×891

141

Good morning all,

Here are some of the Fibonacci levels I’m watching for today :

GBPAUD

Current intraday trend likely : UP

N1: 1.7990
N2: 1.8017
N3: 1.8054

See arrows on the following chart :

1138×891

142

GBPJPY

Current intraday trend likely : UP

N1: 150.65
N2: 150.80
N3: 151.02

See arrows on the following chart :

1135×891

143

GBPJPY UPDATE : reversal

New probable current intraday trend : DOWN

N1: 150.39
N2: 150.23
N3: 149.97

See arrows on the following chart :

1135×894

144

Hello everyone,

Here are the Fibonacci retracement levels I’m watching for today :

GBPAUD

Current intraday trend likely : UP

N1: 1.7960
N2: 1.8014
N3: 1.8100

See arrows on the following chart :

1137×891

145

It has the potential to be much better downtrend. However the market context should be considered.

146

The levels are only valid for the day I post them ; I don’t take into account the context, except the last leg visible on m30 which I use to plot the Fibo levels.

147

Hello everyone,

Here are the Fibonacci levels I’m watching for today :

GBPAUD

Current intraday trend likely : DOWN

N1: 1.7861
N2: 1.7827
N3: 1.7778

See arrows on the following chart :

1135×892

148

Do you think it could show more bearish pressure?

149

Hello,

I don’t know, as I’m not trying to guess where the price is going ; instead I look at the last intraday leg and I assume it gives me the current trend ; lots of times it is correct, but sometimes it fails, so you need to switch your point of view at this moment. I’m just looking at what the price have done and make a decision based upon it.

150

Here are the Fibonacci levels I’m watching for today :

GBPJPY

Current intraday trend likely : UP

N1: 150.37
N2: 150.56
N3: 150.87

See arrows on the following chart :

1137×893

151

GBPNZD

Current intraday trend likely : UP

N1: 1.9252
N2: 1.9302
N3: 1.9370

See arrows on the following chart :

1135×890

152

I also think that GBPJPY and GBPNZD can go uptrend. Because there are some levels from which the price is likely to be bullish.

1 Like
153

How do you determine that the price is likely to be bullish from some levels ?

154

And here are the Fibo levels I’m watching for today :

GBPAUD

Current intraday trend likely : UP

N1: 1.7952
N2: 1.7991
N3: 1.8037

Please see the attached chart :

1134×893