EU | Afterglow | The Sons of Fibonacci. August

FX:EURUSD   Euro Fx/U.S. Dollar
Hello, guys!
I hope you took action on EU Longs this week!
New month ahead, and after doing calculations of new month, I have came to conclusion that it is more looking for Shorts now, rather than longs.
I will point out some things based on my Fibonacci Calculator ( Only Fibonacci, waves, Pivots )

We have a monthly constant rising point that EU failed to break.

Swirl Gate ( UP ), Current swirl -
Adding to constant rising point around this area we have tough level, that I call swirl ( from price phase theory )
EU failed to break it!

Y ( P ) -
Again adding to all stated above, another level, that EU failed to break.

Once market will open, it has to see this point, it is down from current close, furthermore adding to levels stated above, Transistion point is 1.1206 another tough level to break thru.

Trend pointer, MS             , TIS, TIP -
Adding to MHI, these levels point down too, indicating market is willing to go down.

Monthly Absolute Fibonacci Phase movements -
Indicating downward movement ( starting from lower passage )

So my bias is Short starting this month!
But remember, market goes where it wants to go, all we can do is risk reasonably if we have confidence in what we do!
I faded out a lot of things from Calculator, because there are levels you don't have to see.

Trade with Care!
Comment: People been asking about where they should put Stop Loss for this short!
From swing trading tab that is provided By Absolute Fibonacci number calculator, we can see 3 levels.
This is area where I would put my SL!
Good Luck!
Comment: Hello, Traders!
Wish you great trading week!
For now, I suggest do not enter now!
Wait just a little bit.
Trade active:
EU | Afterglow | Trade update
A brakeout upside looms and that will stop at 1.14 ! ( if it stops )
Well, I wish you a lot of profits then!
Hi, is it possible to share the calculation software you are using.

MetalCruisers KashifN28959685
I am afraid it is not possible! This software is my company property and can't be shared with 3rd persons!
If you are good trader and you know How to use Fibonacci, then we can see how we could benefit from you and vice versa!
Do you see dollar gaining strength from a fundamental point? Thank you.
MetalCruisers hatzitesla
Sorry, bro! You should ask that to Fundamental Gurus here, I am not one! I don't care them!
See what happened with EU, how many people lost money because fundamentally EU should go down, but what it did?
So I have no FAITH in this fundamental BS, that is just a bubble that pops and things go in other direction, if you know what I mean!
+1 Reply
hatzitesla MetalCruisers
Oh ok bro dont jump the gun...i didnt know you are purely trading technicals...just trying to learn...thank you
MetalCruisers hatzitesla
Don't get me wrong on that one, just my two cents, Im chill as ice! No shooting :D
Cheers man! Wish you tons of green pips!
+1 Reply
hatzitesla MetalCruisers
:D :D :D
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