XavierAlexander
Short

EURUSD H4 SHORT - .382 Channel Rejection - Fibonacci Channel 101

FX:EURUSD   Euro / U.S. Dollar
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Fibonacci Channel like you never seen it.

STUDY the charts, and cut out the fluff, good risk reward on this one =)

Target = 0 Fib Channel level = We are playing the range here, Any candle closes above blue diagonal ray = failed position.

Speculate Wisely!
Comment: More significant levels being respected

Comment: Daily Reversal.
Comment: Position is already 20+ pips in profit, protected and safe =) lets see how it plays out!

Curious, how did you calculate that blue diagonal ray? Or is it just a descending triangle pattern?
Reply
@YoJah, Curiosity always appreciated! Taken from previous key highs were price turned over on a macro scale.
+1 Reply
YoJah XavierAlexander
@XavierAlexander, Thanks a million. Learned a lot. Looking forward to more published material.
Reply
@YoJah, No problems dude! I seldom post but thought I would start making more contributions to help the community some, keep an eye out! =)
Reply
YoJah XavierAlexander
@XavierAlexander, Never used fib channels, but definitely will use them now.
Reply
@YoJah, All Fib tools are amazingly powerful when you apply them correctly, if they're wrong they're way out, but when right. Your calling price to the pip!

If you pay mind to my charts, you can learn so much! speculation and observation are bread and butter, I'm sure you know this.

Lets see how this one plays out anyway, entry was pretty much pip perfect, lets ride it out!
Reply
YoJah XavierAlexander
@XavierAlexander, Mind was definitely blown after looking at a few of your charts. I have been mostly price action support and resistance, but never really used Fib until now. I was already short but your charts definitely made me feel more confident on my current position. I love how simple the chart was also. I will definitely be hoping for more published material on your end so I can learn a bit more. Cheers.
Reply
@YoJah, That really makes me smile I appreciate that you can find clarity in my charts! I bin at this for some years now so I've come through the trenches of trial and error you could say! PA and S/R are core so you're doing the right thing! However S/R levels are very black and white to the average trader in my opinion, I spice things up a little bit =)

Alot more content to come! Hoping I can teach the community a bundle!
+1 Reply
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