Fibonacci levels for intraday trading

Discussion in 'Technical Analysis' started by Hierophante, Jan 26, 2021.

  1. That being say, hello everyone,

    Last friday, some pairs have changed intraday trend regarding the system rules ; when that occurs, I draw new Fibonacci levels in the direction of the new trend ; I didn't have time to post updates last time, but I will try to post the updates next time they occur.

    Reminder : in that system, when price touches Fibo level ZERO, we say that the intraday current trend has changed.

    Here are the levels for today 01/02/2021 :

    EURUSD

    Intraday possible current trend : UP

    In that context, I'm looking for SELL orders at the following levels :

    N1: 1.2137
    N2: 1.2148
    N3: 1.2163

    See red arrows in the following graph :

    [​IMG]

    ********
    GBPUSD

    Intraday possible current trend : UP

    In that context, I'm looking for SELL orders at the following levels :

    N1: 1.3738
    N2: 1.3761
    N3: 1.3788

    See red arrows in the following graph :

    [​IMG]

    ********
    AUDUSD

    Intraday possible current trend : UP

    In that context, I'm looking for SELL orders at the following levels :

    N1: 0.7670
    N2: 0.7705
    N3: 0.7744

    See red arrows in the following graph :

    [​IMG]

    ********
    USDCAD

    Intraday possible current trend : DOWN

    In that context, I'm looking for BUY orders at the following levels :

    N1: 1.2761
    N2: 1.2726
    N3: 1.2676

    See green arrows in the following graph :

    [​IMG]

    ********
    USDCHF

    Intraday possible current trend : UP

    In that context, I'm looking for SELL orders at the following levels :

    N1: 0.8916
    N2: 0.8928
    N3: 0.8942

    See red arrows in the following graph :

    [​IMG]
     
    #41     Feb 1, 2021
  2. EURUSD update

    New current intraday trend : DOWN

    In that context, I'm looking for BUY orders at the following levels :

    N1: 1.2120
    N2: 1.2110
    N3: 1.2095

    See red arrows in the following graph :

    [​IMG]
     
    #42     Feb 1, 2021
  3. Hello everyone,

    Here are the Fibonacci levels I'm watching for today 02/02/2021 :

    GBPUSD

    Intraday possible trend : UP

    In that context, I'm looking for SELL orders at these levels :

    N1: 1.3695
    N2: 1.3720
    N3: 1.3755

    See red arrows :

    [​IMG]

    *********
    AUDUSD

    Intraday possible trend : UP

    In that context, I'm looking for SELL orders at these levels :

    N1: 0.7674
    N2: 0.7705
    N3: 0.7741

    See red arrows :

    [​IMG]

    *********
    USDCAD

    Intraday possible trend : DOWN

    In that context, I'm looking for BUY orders at these levels :

    N1: 1.2811
    N2: 1.2786
    N3: 1.2758

    See green arrows :

    [​IMG]
     
    #43     Feb 2, 2021
  4. AUDUSD UPDATE

    New intraday trend : DOWN

    In that context, I'm looking for BUY orders at these levels :

    N1: 0.7615
    N2: 0.7587
    N3: 0.7541

    See green arrows on the graph :[​IMG]
     
    #44     Feb 2, 2021
  5. Good morning everyone,

    Here are the fibo levels I'm watching for today 03/02/2021

    GBPUSD

    Intraday probable trend : UP

    In that context, I will take SELL orders at these levels :

    N1: 1.3683
    N2: 1.3700
    N3: 1.3728

    See red arrows on the following chart :

    [​IMG]

    ********
    USDCAD

    Intraday probable trend : DOWN

    In that context, I will take BUY orders at these levels :

    N1: 1.2762
    N2: 1.2749
    N3: 1.2733

    See red arrows on the following chart :

    [​IMG]
     
    Last edited: Feb 2, 2021
    #45     Feb 2, 2021
  6. easymon1

    easymon1

    How's your luck running?
     
    #46     Feb 3, 2021
  7. GBPUSD & USDCAD update

    GBPUSD

    Intraday probable trend : DOWN

    In that context, I will take BUY orders at these levels :

    N1: 1.3655
    N2: 1.3648
    N3: 1.3610

    See green arrows on the following chart :

    [​IMG]

    ********
    USDCAD

    Intraday probable trend : UP

    In that context, I will take SELL orders at these levels :

    N1: 1.3655
    N2: 1.3648
    N3: 1.3610

    See red arrows on the following chart :

    [​IMG]
     
    #47     Feb 3, 2021
  8. I try to not rely on luck ;)
     
    #48     Feb 3, 2021
  9. easymon1

    easymon1

    I heard that, brother! lol

    How many of the 3 levels offer overall positive expectancy if you were to hazard a speculation, not to be construed as a recommendation in any way shape or form, not trading advice, and no touch backs? lol
     
    Last edited: Feb 3, 2021
    #49     Feb 3, 2021
  10. I find that these levels are working very well, as most of the time the price reaches them every day, but unfortunately I don't have any numbers to take this information as a fact.
    Also, not only these levels act like magnets most of the time, they also act as reversal points most of the time too.
    So the whole story is telling that there is room for taking a profit here, provided you have a good money management. That's what I am trying to do. If I manage to build a good track record for a few months I will post it, so we can discuss about the numbers.
     
    #50     Feb 3, 2021