vio

vio

Price was trying to create higher high for today. There were too many noises around the peak. Confirmation of entry had to be set much lower than usual.

vio

The price tried to retest the day's lowest. However, when the big bullish candle appeared at 18:51, it was confirmed that price failed restesting the bottom this time.

vio

For the first 4 minutes, there were either small candle or indecision candles around my confirmation level. Right now, there are too many noises. Not a good time to trade.

vio

Again, price fluctuated around fibo levels. So I put my confirmation a bit higher that the upper fibo level (0.5). Have waited for half an hour for this great trend and beautifully caught it.

vio

Keep going for the downtrend. Momentum seems to decrease a bit and the price failed to create lower low. The downtrend may end soon.

vio

There is always a reverse trend after a big trend. Price was not hestitating to turn around at fibo 0.618.

vio

I didn't set a good entry for this trade. I should wait for price to obviously go above the trendline for a good entry.

vio

Comparing to the downtrend (18:15-18:50), the uptrend (17:55-18:15) before that was much smoother. The price was creating higher high and higher low. A trendline of positive slope was spotted. During this time, entering CALL trades is more possible to get profit.

vio

During last trade, I found that the price might want to go back down around fibo 0.5 and an indecison candle appeared at 19:30, which provided a good lowest price for me to set as my confirmation level. So after the strong bearish candle at 19:33 passed through my confirmation level, I entered at the beginning of 19:34. This is the most beautiful I did today. Just...

vio

In the money but risky.

vio

Similar to EURAUD, price tends to fluctuate between fibo levels. So I entered the trade when price broke out of the upper level.

vio

Again, too much fluctuation for EURAUD. Not a good time to trade.

vio

There were indecision candles forming at fibo 0.5 level, which indicated that trend may get reversed from this level. However, instead of going up, there was a comparative larger bearish candle, 18:19 right after those indecision candles. The bearish candle closed below all the indecision candles, which showed that price had made a decision of going down. So I...

vio

EURAUD continues what it did yesterday. Price tends to fluctuate a lot within fibo levels before it starts a new trend. So confirmation of entry has to be set much higher than usual.

vio

The bear power was very strong. It has broken support levels for several times. Bull power is trying very hard to take back the market.

vio

When price reached fibo 0.786, it was doing something similar as what it did around two hours ago (highlighted in blue box). However, this time instead of going up, it went down and touched fibo 1.0.

vio

The price struggled for almost 15 minutes starting from 18:00. But the real reversal should happen around fibo 1.27, which was also a previous peak level and was very very close to the daily highest point. So I waited for price to drop below my confirmation level, which was almost the highest of the struggling point. Be prepared for a little struggle when price...

vio

Followed the previous trade. The price was uncertain at a previous struggling point. I got into this trade kind of because it broke out of the fibo 0.618 level. I thought there was enough room for price to rise. However, I missed the struggling point, which made the trade so risky. Half of time of this trade was losing.