FX:EURUSD   Euro Fx/U.S. Dollar
255 6 8
Daily Renko = Sell Signal. Keep it simple.
EURUSD consolidation
is this in sync whith your analysis?
fibline PRO dhananjay.d.joshi
Beautiful Chart! Yes.
MetalCruisers dhananjay.d.joshi
When I see this kind a charts with either up or down, reminds me a gambler not trader :D. No offence tho!
Good Luck.
Thanks for the comments, i respect your opinion. but will like to know with what analysis you come to know in advance ,that on which side price will breakout after triangle formation. Asking you genuinely, it will be good learning for me.
MetalCruisers dhananjay.d.joshi
Although I am breakout trader my self I do believe prices are predetermined, and there are phases that market is moving within. If it opens gate to new phase it should be completed. I anticipate EU going long while it is under 1.1130 zone. If broken, gates to 1.1347 is open. I am looking for Temporary and Permanent trend changes, therefore my Stops are always at the levels where trend change is likely to occur.
I have an unseen point in all my Fibonacci templates indicating 1.0870 should be seen before 1.1347. I am not saying it will, I am saying it should.
I am pure Fibonacci Pivot trader, and I believe that Fibo should be used absolute not relative, and drawing fibo levels from highest to lowest or vice versa in my opinion is absolutely incorrect!
Here is my trading plan during NFP
eur/usd ( NFP trading plan ) 08.07.2016

Here is my Fibonacci calculator that I created - https://postimg.org/image/cwzam2o81/
Good Luck.
Thanks FibLine I saw this one too
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