I have plotted the monthly, and weekly and also zoomed in on the daily time frame to get a better view of it. The zone marked are zones that CLUSTERS the daily fibo together with weekly and monthly. There are 4 things to do before you place a trade on it.
1) Wait and let the market touch or come inside the marked zone 2) Wait 3) A bullish candle needs to close above the marked zone 4) Wait for a pullback which I prefer or you can instantly enter the market.
If there is no bullish candle that closes above the zone and continues breaking the zone, expect it to go lower. Don't guess, follow what the market tells you to do.
Hi there - how CRAZY was that move upwards yesterday - ABSOLUTELY no reason for that. I didn't see that coming.....must be FED - complete manipulation if you ask me. What your thoughts now/today? Cheers
Muhammad_syafiee
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thanks for the motivation
Laurent10
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@Muhammad_syafiee, NO...than you, much respected your way of dealing and explaining things - very pleasant to deal with you. i like the way you explain things. Cheers Let's enjoy this ride
Laurent10
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@Muhammad_syafiee, Actually, you right it is motivating, so thank you for that.