Fibonacci levels for intraday trading

EURUSD

It has already gone down last Friday, about 1.5 hours before the European session opened.
You would have earned 45 pips from this downtrend.
In fact, it was a straightforward trade as it went down together with GBP, AUD and gold.
Did your fibo thing detect this signal?
If not, then something is faulty with the fibo thing.

so will it go down again?
It might. But I'd say chances are < 50%.

A good signal doesn't come every day.
missing good signals is one of the biggest problems traders face.

You are trying to predict the direction of the trend, which I'm not ; these levels are just points that we look ; only if they are touched you make a decision.
With this in mind, what prevent you from taking some profit during the fall you are talking about ? All this is not in any case a SIGNAL to buy or sell ; just levels that are very likely to be touch by the price ; then it's up to the trader to : either take some profits during the price path towards these levels OR take some profits thanks to the reversal when the price touches these levels. Or both...

Please keep in min that if the price doesn't touch the levels, we do nothing. So you can see that it is not a signal, just a sort of framework from which you can developp a profitable strategy based on this information.
 
I hope it will help people to learn how to use such usefull information Fibonacci levels can provide.

That being said,

Here are the Fibonacci levels I'm watching for today :

EURUSD

Current intraday trend likely : UP

N1: 1.1938
N2: 1.1948
N3: 1.1963

See attached chart :

eurusd16032021.png


*********
GBPUSD

Current intraday trend likely : DOWN

N1: 1.3871
N2: 1.3851
N3: 1.3820

See attached chart :

gbpusd16032021.png
 
Hello there,

Here are some Fibo levels I'm watching for today :

EURUSD

Current intraday trend likely : UP

N1: 1.1906
N2: 1.1914
N3: 1.1927

See attached chart :

eurusd17032021.png


*********
GBPUSD

Current intraday trend likely : DOWN

N1: 1.3885
N2: 1.3872
N3: 1.3852

See attached chart :

gbpusd17032021.png
 
Hello everyone,

Yesterday the Fibo retracements worked well for every pairs I follow, profits could have been made just before the big moves on USD (and so on other correlated pairs).

That being said, here are some of the Fibonacci levels to watch for today (you can find the other pairs I follow on my twitter account) :

EURUSD

Current intraday trend likely : DOWN

N1: 1.1954
N2: 1.1935

See following chart :

eurusd18032021.png


********
GBPUSD

Current intraday trend likely : DOWN

N1: 1.3946
N2: 1.3927
N3: 1.3896

See following chart :

gbpusd18032021.png
 
Hello everyone,

Still stuck in some old positions from last week,

So for today, here are the Fibonacci levels I'm watching for :

GBPAUD

Current intraday trend likely : DOWN

N1: 1.7910
N2: 1.7890
N3: 1.7858

See arrows on the following chart :

gbpaud22032021.png


********
GBPNZD

Current intraday trend likely : UP

N1: 1.9374
N2: 1.9417
N3: 1.9487

See arrows on the following chart :

gbpnzd22032021.png
 
Hello everyone,

Here are the Fibonacci levels I'm watching for today :

EURUSD

Current intraday trend likely : DOWN

N1: 1.1925
N2: 1.1915
N3: 1.1900

See arrows on the following :

eurusd23032021.png


*********
GBPAUD

Current intraday trend likely : UP

N1: 1.7947
N2: 1.7992
N3: 1.8056

See arrows on the following :

gbpaud23032021.png


********
GBPNZD

Current intraday trend likely : UP

N1: 1.9546

See arrows on the following :

gbpnzd23032021.png
 
Hello everyone,

Still stuck in some old positions, so today I can watch for only one pair :

GBPAUD

Current intraday trend likely : DOWN

N1: 1.7993
N2: 1.7958
N3: 1.7909

See arrows on the following chart :

gbpaud25032021.png
 
Hello everyone,

Same thing as yesterday ;

So here are the fibo levels I'm watching for today :

AUDUSD

Current intraday trend likely : UP

N1: 0.7619
N2: 0.7638
N3: 0.7655

See arrows on the following chart :

audusd26032021.png
 
Hello everyone,

Here are some of the Fibonacci retracements I'm watching for today :

AUDUSD

Current intraday trend likely : UP

N1: 0.7644
N2: 0.7661
N3: 0.7688

See arrows on the following chart :

audusd29032021.png


******
USDJPY

Current intraday trend likely : DOWN

N1: 109.52
N2: 109.36
N3: 109.13

See arrows on the following chart :

usdjpy29032021.png
 
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