The bearish power was weakened when the price touched Fibo 0.382 (the right fibo) at 19:00-19:02. When a larger bullish candle appeared at 19:03, which passed through my confirmation level, I entered a 5min call right after that. When the price reached Fibo 1.27 (the left fibo), it was trying to get reversal there. Usually price tends to be uncertain when it...
EURUSD just started a downtrend again. This time I entered not only a 5min trade but also the regular binary option (10-15min trade) expiring at 19:00. The entry point was the same, at the beginning of 18:49. I am trying my method with regular binary option and testing if I can get a more stable and safer trade.
Price reached the day's high. The faster price moves up, the easier it reverses back down.
EURUSD was originailly in a downtrend. Althought the price failed to create a new structural low, the bearish power was still strong enough for me to take a 5min put trade.
Leaving the peak, price started a downtrend.
The price did not get back to last new structural high for reversal.
This trade got me 100-pip win. Seems that after the price broke the day's high, nothing can stop it.
EURUSD just switched to a uptrend after struggling around fibo 0.382 and resistance created by previous new structural high. The price is then challenging the day's high again. PS>> Seems that the price already succeeded to break the day's high.
This trade got me 1 pip win. However, I won't consider this one as risky. Somehow the market was kind of slow during the trade.
Although the bullish power was not strong enough to create a new day's high, it was enough for me to get profit in 5 minutes.
EURAUD had been going down for a while (time more than enough for me to have my dinner ^v^). The price was the lowest of the day. So I expected bullish power would come in the market and do some pull back. Around Fibo 2 and 2.24, bullish power took over the market and brought price straight up.
The price passed through previous new structural high a bit but it was supported by the last higher low. So the trend is still valid.
Had a better entry, which gave me a 80-pip win for this 5min trade.
Last night I watched a video from Jason Stapleton (Into the Grey - Recording), which gave me a new idea to trade with the trend and identify how the market moves. Thanks to Jason!
I have waited for this beautiful set-up for more than an hour. The price struggled at almost all of the fibo levels but it passed through each of them. Lastly, when price came to fibo 2.24, a big bearish candle (22:11) covered a few candles before it, including two inedecision candles at 22:09 and 22:07. So I definitely went for a put for 5 minutes. Somestimes,...