Long

Fibonacci Trading And Price Action

Updated

This is a setup of Fibonacci price clusters with resistance and support, I don't feel very safe and today many important economic news will continue to be published so I do not send setup to everyone. Everybody.
My first buy impulse setup from 33819 - 33828. This setup has already started. But unexpectedly, the setup at this price cluster was slightly higher than 33766, the price touched this threshold I predicted, I played with my child so I didn't notice, if normally the price is close to touching. set point and turn I will immediately enter a hand command.
Let's see where the price will run.

Trade active

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The setup wasn't so good so I moved my stop loss to breakeven.

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Currently I am watching the price run on the screen, Seeing the price tend to want to hit the stop loss is quite psychological, I advise you when you have a good analysis and to stop loss reasonably, you should forget the order. Go there and focus on other things.

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The price bounced back strongly as it was about to return to the sensitive entry area, which proves that there is quite a crowd of interest in this sensitive price position, especially today there will be important economic news. I think the price level will be strongly supported.

Trade active

Wow, I don't think the price cluster is triggered while a lot of important economic information is confusing the setups.
Now my previous day's trade is closed due to hit breakeven stop loss.
The second transaction has been initiated. Let's wait and see how the price will run, I believe in this trade so I will take partial profits and keep the volume small, I don't move my stop loss because I think my setup can extend to next week.

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Currently on the H4 time frame in my trading system, there is a buy jump point. And there exists a divergence between the price and the CCI indicator above D1. They further proved that my sensitive entry point was correct. I have not reduced the volume of the open order yet.

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If price breaks through the first resistance cluster in the setup, I would consider closing some volume to secure interest. I see Price will continue to run when the majority is closing short orders above and continuously buying more at the new price.

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There are sharks entering the trade and want to force the price down to launch their buy orders.
I entered a Scalping hand and got a few hundred dollars right away. Of course, good analysis and trade setup to enter orders is always better and more sustainable.

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Have a nice weekend traders and prepare for a new week of winning.

Trade closed manually

Closed order 10% remaining volume, I will wait and see after US market opening hours tonight.

Trade active

Entry 33629.

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Move stop loss to breakeven point.
Right now I see a lot of sharks who want to manipulate the market, I will move my stop loss to breakeven. Remember ! There are always people in the market who want to eat your account alive. Don't make yourself prey to them.

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move stop loss to 33712.
If the Resistance at 33766 turns into support and the price can hold. I think those who are in a short position should reduce their volume because today's price is likely to increase very quickly.

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On the H4 time frame, the indicator signals are showing strong buy consensus. And according to current trading hours is not the opening or closing time of any exchange so I personally appreciate this buy signal very much.

Trade closed manually

I think I made pretty good money today on US30.

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I advise you to keep the position open so taking profit is the best thing. Or move stop loss to breakeven point. Tomorrow will be a rather stressful trading day with important economic news. Hold on to your gains, don't throw profits in the last few days, preserve and keep your capital.

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Persephone_AM

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