Long

Fibonacci Trading And Price Action

Updated

Set up a Fibonacci price cluster and a Fibonacci time cluster with resistance. According to the personal setup I am expecting, today will be the day of market reversal.

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Wow. Price hit resistance, but DXY was still strongly bought. I still keep the order with a moderate volume suitable for the account. Let's see how the price will run?

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Trade active

I placed an order to buy EURUSD, I think the crowd is too scared, They bought DXY and sold off Gold.
I was taught a saying in the marketplace.
"The one who lives the longest is the winner."
Remember to enter orders that are suitable for your account, do not trade with emotions.

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My entry point for this order is really not very good in terms of stop loss and take profit ratio. But if I enter the appropriate volume for my account, if I lose this order, I will lose 3% of my account.

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I noticed the appearance of a divergence between MACD-Histogram and price, when price created a new bottom lower than the old bottom while the corresponding bottoms of MAC-Histogram created disproportionate bottoms. If the divergence starts, I think it will be like a bow being pulled taut and then letting go and shooting the price arrow straight up. I have seen a few moves to buy when this divergence appears.

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If you want to trade the divergence I provide, you should go down to the smaller timeframes to find good entry points.

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The bullish divergence has been activated.

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Divergence is started again. I was not wrong in this entry analysis.
Trade with a volume appropriate to your account. Even if you hit your stop loss, your loss should not be more than 2-3% of your account.
Don't enter orders with emotional volume.

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Hidden bearish divergence on DXY

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Activate DXY divergence on timeframe D1 on H4

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Trade active

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Set up my intraday entry point, based on Fibonacci price cluster support on DXY to comment on orders on related products. I will trade with EURUSD.

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Because this is intraday trading. I will move the stop loss to the breakeven point.
Currently if I close this order, I will receive 3.5 pieces of cake, I have to pay the floor for 1 piece of cake, and I get 2.5 pieces back.

Persephone_AM

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