Short Position AUD/CHF!!
Chart Time frame - 4 Hourly
Timeframe - Day trade
Actions on -
A – Activating Event
Entered short position NOW!!. Selling @ resistance level
B – Beliefs
Trade unable to push above resistance Line and will fall to the @0.725 level
Entered @ 0.7315
Stop Loss @ ...
Please add the ability to snap Rays/horizontals/fib tools etc to the high/low/close/open of the candle it's closest to - and give us the ability to select the default "snap to" setting for the current tool in use.
Having to edit the tool co-ordinates and key it in manually gets old pretty fast.
One month chart showing current support levels in bitcoin based on price action. These levels can be used to set stops or find entry targets. For the curious, P.OC = point of control (see Volume Profile for more info)
As I noted, the market almost always provides the most profitable entry points.
Define them will help the golden section of Fibonacci, namely the ego magic numbers.
By following current theory, i suggested, that the price will dropped to the level of 0.786% also, i put my buy order on this level, and turned out to be right.
There is also a chance to pass by the ...
Just doing some more analysis on another pair, this is what I think may happen as the FED will be increase their information on whether to keep or change interest rate in the next couple of days which may weaken the dollar.
Again I welcome any feedback good or bad as mentioned I am only testing my knowledge before I go LIVE trading.