Re: EUR/USD

#1291
Here's the story of EURUSD for Monday, June 27th, 2022.

Friday's highest was around 1.05706. We called it Fibo 100%.
In the Asian session, the banks/traders tried to break Friday's highest but were unsuccessful.

When London opened, traders were able to break through up to Fibo 123.6%.
Fibo 123.6% became a resistance.
They tried to break Fibo 123.6% four times but failed.

When New York opened, traders went down to Fibo 76.4%.
They traded up but then still have a resistance at Fibo 123.6%.
Finally, near the end of London session, they broke through the resistance and went up to Fibo 161.8%.
They tried to reach Fibo 176.4% but failed.

After that, it's all downhill.

Fibo is fun alright!
EURUSDM5_Monday_20220627.png


Re: EUR/USD

#1293
With the fibs you can draw trendlines when price is retracing at least 61.8 and trade the trendline break out with solid momentum, in a hurry just example. It depends do you choose previous day low/high or the extremes.
EURUSDH128-6-22.png

Re: EUR/USD

#1295
Banzai wrote:
Tue Jul 05, 2022 10:43 am
Spuds Stochastic Thread Theory

For June 2022, EURUSD, there are 11 days out of 22 that have the golden thread.
This is for M15 charts only.
Image
I love it!


Re: EUR/USD

#1296
hi bro..
any chance to have RSI similiar method to add in the same template!!
so STOCH and RSI can view at a time!
"There is NO GOD higher than TRUTH" - Mahatma Gandhi


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