You are trying to predict the direction of the trend, which I'm not ; these levels are just points that we look ; only if they are touched you make a decision. With this in mind, what prevent you from taking some profit during the fall you are talking about ? All this is not in any case a SIGNAL to buy or sell ; just levels that are very likely to be touch by the price ; then it's up to the trader to : either take some profits during the price path towards these levels OR take some profits thanks to the reversal when the price touches these levels. Or both... Please keep in min that if the price doesn't touch the levels, we do nothing. So you can see that it is not a signal, just a sort of framework from which you can developp a profitable strategy based on this information.
I hope it will help people to learn how to use such usefull information Fibonacci levels can provide. That being said, Here are the Fibonacci levels I'm watching for today : EURUSD Current intraday trend likely : UP N1: 1.1938 N2: 1.1948 N3: 1.1963 See attached chart : ********* GBPUSD Current intraday trend likely : DOWN N1: 1.3871 N2: 1.3851 N3: 1.3820 See attached chart :
Hello there, Here are some Fibo levels I'm watching for today : EURUSD Current intraday trend likely : UP N1: 1.1906 N2: 1.1914 N3: 1.1927 See attached chart : ********* GBPUSD Current intraday trend likely : DOWN N1: 1.3885 N2: 1.3872 N3: 1.3852 See attached chart :
Hello everyone, Yesterday the Fibo retracements worked well for every pairs I follow, profits could have been made just before the big moves on USD (and so on other correlated pairs). That being said, here are some of the Fibonacci levels to watch for today (you can find the other pairs I follow on my twitter account) : EURUSD Current intraday trend likely : DOWN N1: 1.1954 N2: 1.1935 See following chart : ******** GBPUSD Current intraday trend likely : DOWN N1: 1.3946 N2: 1.3927 N3: 1.3896 See following chart :
EURUSD update : REVERSAL New current intraday trend likely : UP N1: 1.1988 N2: 1.2007 N3: 1.2040 See attached chart :
Hello everyone, Still stuck in some old positions from last week, So for today, here are the Fibonacci levels I'm watching for : GBPAUD Current intraday trend likely : DOWN N1: 1.7910 N2: 1.7890 N3: 1.7858 See arrows on the following chart : ******** GBPNZD Current intraday trend likely : UP N1: 1.9374 N2: 1.9417 N3: 1.9487 See arrows on the following chart :
Hello everyone, Here are the Fibonacci levels I'm watching for today : EURUSD Current intraday trend likely : DOWN N1: 1.1925 N2: 1.1915 N3: 1.1900 See arrows on the following : ********* GBPAUD Current intraday trend likely : UP N1: 1.7947 N2: 1.7992 N3: 1.8056 See arrows on the following : ******** GBPNZD Current intraday trend likely : UP N1: 1.9546 See arrows on the following :
Hello everyone, Still stuck in some old positions, so today I can watch for only one pair : GBPAUD Current intraday trend likely : DOWN N1: 1.7993 N2: 1.7958 N3: 1.7909 See arrows on the following chart :
Hello everyone, Same thing as yesterday ; So here are the fibo levels I'm watching for today : AUDUSD Current intraday trend likely : UP N1: 0.7619 N2: 0.7638 N3: 0.7655 See arrows on the following chart :
Hello everyone, Here are some of the Fibonacci retracements I'm watching for today : AUDUSD Current intraday trend likely : UP N1: 0.7644 N2: 0.7661 N3: 0.7688 See arrows on the following chart : ****** USDJPY Current intraday trend likely : DOWN N1: 109.52 N2: 109.36 N3: 109.13 See arrows on the following chart :