Fibonacci – Forex trading strategies I would like to show you guys on fibonacci. In the above chart, eur aud h4. We can see the fibonacci values but not see where is it drawn from. The high point and the low point. In such scenario, we forgo to play the fibonacci and not draw it […]
A member in our private group pointed out this. Pin bar at the gbp usd h4 Reasons 1) to enter – Nice pin bar with a nice long nose, both eye at an equal level. Protruding off the rest of the bars. Reason 2) – Pin bar at a swing high Reason 3) – Bouncing […]
Forex trading pair: usd cad h4 Breakout trades are what long time forex traders use only. They alone can be used for a living in forex. Lets see the one here at usd cad h4. Long consolidation as highlighted in the box. Entered on the sell trade as seen. Lets see what happens.
Forex trading pair: usdcad A nice pin bar protuding out with the eyes and the nose at the right places. NICE PIN BAR right at confluence of: 1) Fibonacci 50% 2) 150 EMA 3) Price Pivot When this 4 items combine together. BANG! This is the HOLY GRAIL!