Traine

How to trade using Fibonacci in a unique way and entries

Long
CURRENCYCOM:US30   Dow Jones Industrial Average Index
So true to what I said in my previous video, price as moved and closed above the 10 on my fibonacci level. Check out how price retests support and resistance and this will help you get a sniper entry. This is why you should only trade a few pairs so that you can understand the way the pair moves. As you can see she has thrown some serious wicks to the downside. That is an indication that a strong big up move will be happening. This is an inducement not only on US30 but all forex pairs will do this. They will trick you into believing that price is going one way, to induce the sellers, and then turn it right back around, to take out the stops above the sells. Then she will do it again. If you fall for this trick, and let your emotions get in the way, you will get all confused and most likely will blow your account. Or you will just not trade not know what direction it is going in. When ever there are multiple wicks in one direction, that means that are going in the opposite direction. The big question is WHEN!!! price action determine that, just wait and let the candles tell you what is going on.
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