Dale_Ansel
Short

EURNZD - .618 FIB - Look to SHORT

FX:EURNZD   Euro Fx/New Zealand Dollar
141 3 3
I personally like to wait for a .618 retracement. Touch the line,
and when price falls back down through the .50 line I enter Short.

Lets see what happens.
So is that trade already short?
Last bar touched Fib 0.618 and current bar was below Fib 0.5
Reply
Dale_Ansel PRO fxstudent299
2 years ago
Well, that's a daily time frame. So on high time frame trades like this, when i'm using
HA candles to follow trend, i like to wait until the close of the HA candle that breaches
the .50 Fib to make sure its a "break below close below" then i'll enter short.
Reply
fxstudent299 PRO Dale_Ansel
2 years ago
Thank you for your reply. Maybe its just my problem, but with HA candles it seems easy to identify trends in hindsight, but hard to get a good entry in real time
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