seanocon
You can use this now to find your entry points. I just delete some fibonacci ratios, but if any ratio is in confluence with a level it is a good reversal point. this isnt specific to any ratio.
Part 2 of the training for the trading group
Part one of the fibonacci training for the group.
Euro long, MAJOR support, channel multiple breakouts, frying pan bottom, in an uptrend with bullish pressure on lower timeframe, 78.6 retracement on daily, 61.8 retracement on 4hr. lots of convergence plus divergenes go long
australian and us dollar double top formed, broke previous support, 2618 trade, fib is strongly in play, 1400 pips to be captured. if price doesnt break the A leg of our formation we could be looking at a long opportunity at -27 fib level to capture 1600 pips back up to previous structure resistance. 300 pip stop, 1400 pip profit, excellent risk reward ratio
Raw price action, practice looking for multiple techniques and you will start to see profitable areas for high risk reward trades.
Previous ideas speak for themselves, the results are real. Build a case for entry, use every technique and you'll find the convergence of ideas on the chart are the areas in the market that are truly profitable
Small stop, very profitable trade. When this pair reaches strong resistance at 1.05000 level, expect a pop out of the market this week/next week too
Usd/jpy inverse head and shoulders, look at that risk reward, great opportunity for a position to ride up to the base of the head and shoulders, take profit along the way if your not a long term trader