This one is a bit risky. I got in because the big red candle at 18:25 passed the lowest point of the indecison candle next to it and it broke the fibo 0.618. Before that, price was struggling between fibo 1.0 and 0.618, which was just like what it did from around 17:15 to 17:45. Actually the price reversed from fibo 1.0 but just to confirm the trend, I waited it...
I thought the price would get to the trendline. However, price turned around at fibo 1.27. Seems that bulls still have their power and the bullish momentum is still high. Probably my trendline was drawn not accurately enough?!?!?! Oh man, this takes time and experience to master. Or maybe.... the price did get bounced already at 18:00 because of the long tail of...
The fibo 1.618 overlaps with one of the resistance levels. This is a dangerous trade as bullish power is too strong.
The price touched a support level and the trendline. Momentum of previous uptrend seemed not high enough so the price was still struggling around this area. This is not good trade. I got a tie here. It's just lucky.
The price just broke out from the trendline. The uptrend was over. Then the price came to the fibo 1.0 level. I thought it would get to 1.27 but it seemed that 1.0 already held the price and turned it around. At the end of the trade, the price got resisted by a resistance level and it turned back down just now.
Never done this before, putting a big trendline and a small trendline together. There was a small breakout from the box and the big trendline. Just caught it at the right moment. Actually, I really should'nt have traded breakouts..... anyways
The price reversed at a resistance level slightly above the fibo 2.24. An indecision candle at 13:52 followed by a doji and then a comparatively larger red candle. So I confirmed a down trend was just starting. Although there was a large green candle at the end of trade, this kind of price action can hold for at least 5 minutes. The price right now is still...
It's almost a perfect trade. Just hate to see an indicision candle right at the beginning of my trade. This trade gave me a 84 pips win. Pretty good already!
This one is almost a bad trade. It's just bearly in the money. Still need to work more for my entry point.
This was not a good trade, even though I knew the price would go up. Price passed through almost all the fibo levels. When it came to 3.14, it should be the most extreme level it could touch. So there was a big green candle at 13:10, which had price going over the indecision candle at 13:04. That's why I took the trade.