Fibonacci levels for intraday trading

[Hierophante]

GBPUSD update

Reversal => new current intraday trend likely : UP

N1: 1.3965
N2: 1.3981
N3: 1.4005

See arrow on the following chart :

 

[Hierophante]

USDCAD update



Reversal => new current intraday trend likely : DOWN



N1: 1.2622

N2: 1.2609

N3: 1.2587



See arrow on the following chart :

 

[Hierophante]

Good morning everyone,

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

EURUSD

Current intraday trend likely : DOWN

N1: 1.2043
N2: 1.2029
N3: 1.2006

See arrow on the following chart :

********
GBPUSD

Current intraday trend likely : UP

N1: 1.3953
N2: 1.3973
N3: 1.4006

See arrow on the following chart :

********
AUDUSD

Current intraday trend likely : UP

N1: 0.7783
N2: 0.7802
N3: 0.7833

See arrow on the following chart :

********
USDCAD

Current intraday trend likely : UP

N1: 1.2674
N2: 1.2690
N3: 1.2716

See arrow on the following chart :

 

[Hierophante]

USDCAD update

Reversal => new current intraday trend likely : DOWN

N1: 1.2649
N2: 1.2633
N3: 1.2607

See arrow on the following chart :

 

[Hierophante]

Hello everyone,

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

EURUSD

Current intraday trend likely : DOWN

N1: 1.1891
N2: 1.1869

Voir flèches sur le graphique suivant :

********
GBPUSD

Current intraday trend likely : DOWN

N1: 1.3800
N2: 1.3759
N3: 1.3691

See arrow on the following chart :

********
GBPAUD

Current intraday trend likely : DOWN

N1: 1.7913
N2: 1.7870
N3: 1.7800

See arrow on the following chart :

********
USDCAD

Current intraday trend likely : UP

N1: 1.2674
N2: 1.2707
N3: 1.2752

See arrow on the following chart :

 

[Hierophante]

Hi everyone,

Here the Fibonacci retracements I'm watching for today :

EURUSD

Current intraday trend likely : UP

N1: 1.1936
N2: 1.1950
N3: 1.1968

See arrow on the following chart :

*********
GBPUSD

Current intraday trend likely : UP

N1: 1.3935
N2: 1.3945
N3: 1.3963

See arrow on the following chart :

*********
GBPAUD

Current intraday trend likely : DOWN

N1: 1.7970
N2: 1.7938
N3: 1.7885

See arrow on the following chart :

*********
GBPJPY

Current intraday trend likely : UP

N1: 151.29
N2: 151.59
N3: 151.98

See arrow on the following chart :

 

[Hierophante]

Hello everyone,

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

EURUSD

Current intraday trend likely : DOWN

N1: 1.1943
N2: 1.1929
N3: 1.1905

See attached chart :

******
USDCAD

Current intraday trend likely : DOWN

N1: 1.2485
N2: 1.2504
N3: 1.2534

See attached chart :

 

[oraclewizard77]

Fibonacci retracement can work better if you are trading Intraday and use the lower levels of say future contracts. Even if say the trade does not work out, then you have a better stop placement than the higher levels.

 

[maxinger]

Hello everyone,

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

EURUSD

Current intraday trend likely : DOWN

N1: 1.1943
N2: 1.1929
N3: 1.1905

See attached chart :

******
USDCAD

Current intraday trend likely : DOWN

N1: 1.2485
N2: 1.2504
N3: 1.2534

See attached chart :

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.

 

[Hierophante]

Fibonacci retracement can work better if you are trading Intraday and use the lower levels of say future contracts. Even if say the trade does not work out, then you have a better stop placement than the higher levels.

Totally agree