Both the images are of the nzd/usd chart
oops, thanks! Corrected!
How did you draw fib levels on the gbp/usd chart? I donāt see any recent fractals
In this case, as per post#1, if there are signs of weakness, you may proceed to fib and watch the reaction to the 11% level. So here we have a double top, followed by fading off that level, which suggests likely reversal, so we fib to get earlier entry before a fractal appears. Following this, you can still fib the fractal formed later for a second entry.
Okay got it :)ā¦ GBP/USD was a good trade however the NZD/USD trade hit the stop loss
Cool! Yes, we dont win all the time but only want to see high win rates with whatever method being used. Did you short again at the 55%? I took that short entry @ 0.7396.
Damnā¦ No I didnāt and itās 0.7378 now
Hahaā¦not to worry, more to come.
Coolā¦
If 1.6236 pops on this GBP/USD we are gonna see selling for awhileā¦
Iāve heard it can go down to 1.6235 and even 1.621
I presently have my eye on 1.6120.
Took Profits on GU Short at early TP2 and NU(based on lazy PA.)
Hey RN, this area looking attractive for Long.
Yes I was thinking of opening a counter trade once it reached that support level
Awaiting confirmation.
There it goesā¦we continue to short!
Hi RN, just saw this. I am at work. No I would trade with the current trend and we just broke strong support which is now resistance. I sold below 1.6235 for 1.6120.
:mad: arrgghhā¦Look at my NZD trade that I closed.