Stopped, after I had moved my stop up though to take only a 20 cent loss. Low didn't hold, instead if formed a double bottom and then went in the favor of my original longer term analysis. Waiting to buy a dip.
Again went in favor of my original analysis after stopout. Better stop placement needed. Tight stops are good when watching the charts because you can get out at a smaller loss and then jump back in. Not for swings.
See if this is the fib that extends up on the MT5 account.
On the MT4, entry at the bottom of the range. If it heads to the top I will short if there is low enough risk. Is this a bear flag or reversal is the question. Is the momentum up a fake out?
Stop to breakeven. Why did this move in particular make it almost to the pip to the 423.6 and reverse? It wasn't the first one. I think because it is the cleanest. A "decision" has been made so to speak. The fib lined up but the moves before were more choppy, not reacting to the fib levels coherently, kind of like the EUR/USD play I just entered. It bounced at the fib levels. If it is going to make it to the 423.6 it won't break the 23.6 looks like a basic rule.
This perspective shows another fib measurement. This time the last low that had a retracement to a fib level. It looks like it confluences, just at different levels.
This one is expensive among the pairs. Smaller move = more or less $. Seeing if I can get a better entry if it dips but if not I want in on the reversal, making higher highs.
Hypothetical entry. Limited risk, $3. Has upward momentum run out of steam on the longer term? Seeing if this is a top. If the pattern develops it is a go due to small risk if not then oh well, better to miss it than be wrong.
