TradingView
UnknownUnicorn772665
Aug 19, 2019 11:36 AM

GBPAUD Long Trade *FIBONACCI CLUSTERING* Long

British Pound/Australian DollarFXCM

Description

Basic fib clustering technique combining multiple timeframe trend analysis to get high accuracy entries with a larger R:R.

Using the current 4hr bullish trend to enter a long trade on the ent higher low, Fib & TL bounce.

I am aiming for the target trend fib -0.27 extension to maximise reward:risk ratio.

Trade active

Comment

This trade is now risk free at +60 pips. Moved SL to entry
Comments
M-G
Nice analysis Charlie, am on the same page in a different fashion. Its my watch of the week currently, looking at Silver as well. waiting for confirmation. Trade safe and well. :-))
More