Short

Fibonacci Trading And Price Action US30

Updated

Establish fibonacci price cluster and resistance at sell-side sensitive points.
Let's wait and see how the price will run, Remember that the trading volume is suitable for the account.

Note

To preserve capital I advise you to move your stop loss to breakeven, and me, I leave the color line I drew on the picture.
If the price breaks through the second Fibonacci cluster after the entry, to preserve your profits if you are using an EA I think you should start a Trailing stop to protect your profits, because the market is not always running. following the trend of the analysis completely.

Note

Trade closed manually

Note

Looks well worth a try..

Note

The setup remains the same today. while the peaks and troughs remain the same.

Note

These are my follow-up setups after the initial trade setups.
You may have noticed that the Fibonacci levels and clusters that coincide with resistance or support provide a very high trading opportunity.
The trading analysis on this method aims to identify important support and resistance levels, and this is the most important part of the matter. The market always exists in two states of buying and selling, when the price moves through these sensitive points, it always has an important memory position and can be repeated many times to confirm the bulls win. Or the bears have the upper hand.
It is important that you choose a Broker with low and fixed commissions with low spreads and acceptable swaps and the right trading volume for the capital account.

Note

US30 Looking back at the trades and support-resistance levels.
Greed, fear and pain drive prices. And traders are loners.

Trade active

Note

Just take the money, people.
I recommend reducing your volume or bringing your stop loss to breakeven

Note

Let's go pick up the money that fell on the floor together, okay?

Persephone_AM

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.