%% True; not that any of those are as useful as a 200 day/week moving average.......................................................................................................
%% OK; if its the buckaroo pattern could consider a 50 area LOL Actually there are so many 50 levels area /LOL one of my chart services puts a 50 level on everything. Put enough moving averages on a chart /may hit something................................................................................................/LOL
Nevertheless, hello everyone, Here are the levels for today 28/01/2021 GBPUSD Possible intraday trend : DOWN With that in mind, I will take BUY orders at these levels : N1: 1.3650 N2: 1.3626 N3: 1.3610 See green arrows in the following graph : ****** AUDUSD Possible intraday trend : DOWN With that in mind, I will take BUY orders at these levels : N1: 0.7622 N2: 0.7597 N3: 0.7563 See green arrows in the following graph : ****** USDCAD Possible intraday trend : UP With that in mind, I will take SELL orders at these levels : N1: 1.2850 N2: 1.2891 N3: 1.2937 See red arrows in the following graph : ****** USDCHF Possible intraday trend : UP With that in mind, I will take SELL orders at these levels : N1: 0.8909 N2: 0.8925 N3: 0.8944 See red arrows in the following graph : Note that I still have my EURUSD and USDJPY positions from yesterday. If the price touches my 0 fibo level, I say that market is making a reversal and I need to update the fibo levels in the opposite side.
Only experience. In general I will take the last visible leg up or down from midnight and choose the best fit regarding my opinion. That is why it is discretionary trading, because I trade at my discretion.