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!


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.


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.
I love it!


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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