Fibonacci levels for intraday trading

Trading Discussion Currencies
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

155

Goog morning all,

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

GBPAUD

Current intraday trend likely : UP

N1: 1.7918
N2: 1.7949
N3: 1.7992

Please see the attached chart :

1137×893

156

do you have a detailed explanation on how you use this method?

157

Personnally, I just take countertrend trades as soon as the Fibo levels are touched by the price ; then I wait for the reversal and close the whole position in profit at best or at breakeven at worst.

But you can also ride the trend : enter before the price has touched the Fibonacci levels and take your profits when the price reaches the level.

And if you are really advanced in trading, you could do both at the same time.

158

Hello everyone,

Here are the Fibonacci levels for today :

GBPAUD

Current intraday trend likely : UP

N1: 1.7949
N2: 1.7979
N3: 1.8028

Please see the attached chart :

1134×895

159

GBPNZD

Current intraday trend likely : UP

N1: 1.9254
N2: 1.9290
N3: 1.9348

Please see the attached chart :

1138×889

160

Hello everyone,

Here are the Fibonacci retracement levels for today :

GBPUSD

Current intraday trend likely : UP

N1: 1.3836
N2: 1.3861
N3: 1.3895

Please see the attached chart :

1139×893