Brems
Dow Jones Bearish FibonacciHere we have some Fibonacci ratio confluence that could be very powerfull
We have stops above the 1.618 extension wich, in case that price action breaks it, means that the price is not overextended and that it has a high likelihood of going bullish.
So we will expect a move towards of take profit or stop loss next week.
You also have to have in mind that in summer markets are very slow so, patiente. Remeber your setups, do not trade other setups wich you dont know nothing about, just in case. Trade responsibly!
$AUDUSD for the week 1-5 Aug Part 2Markets has done what i predicted, not because im smart, but because, markets tends to respect some support & resistance, fib levels, pivot points etc...
So now, im short in the trade, waiting what the market will do. The Take profit and Stop loss are too big for getting out either with a win or a loss for today. But there is also some important news today, so maybe we have a huge move, be carefull with these news.