The Fibonacci channel projections (FCP)

EUR/USD - FCP evolution:

Pending model development:

Hi Guys,

Here we go ...

gbp/usd 12459 Sell

Will he make it? 12360.... ....

some more room for potential 800 pips drop.

.

Result:


bonus:

What an inspiration.
Eliud Kipchoge: The first man to run a marathon in under 2 hours.

"Remember ........
Only the disciplined ones are free in life.
If you are undisciplined, you are a slave to your moods, you are a slave to your passions.
If you want to be successful, you must respect one rule ......
and that rule is: Never lie to yourself."

continuation.

pleas what is TL

trend line.
channel is used for building fibonacci for the purpose of targets projections ---> fibonacci channel projections.

Hello everyone!

eur weaker than gbp after new york open.

maybe something here.
ga too with double top.

USDCHF M30. Some sell opportunity.

Hello Seysin, hope all is well ! )))

due spread so my TP haven't touch fibo38.2%

Hi Stef!
I'm great. I mainly do scalping on m1/m5. Therefore, rarely publish here.
In addition to that, I have nothing special to say, except what has been said here about the FCP.
I just trade for a living. I am quite satisfied with several small deals a day, so that the rest of the time I will go about my things.
Something like these deals this morning:


I hope you all are well.

EURUSD H1
Today, investigating how to build channel & get early but safe entry.
Used version 1 of setup but think it's not right, cause catched risky price jump - that's why not perfect entry
But will be cool to use version 2:
Think that channel should be built closer to price divergence - it give more opportunity for early entry & more space for possible strong price retracements.
What do you think?

there were many factors came into play, of which the most important is
the strong candle that break the support/resistance and/or the trend line/channel.

opinion after the fact.
the left image shown was 'perfect'
1. strong candles break and pullback at both sr and tl channel.
2. price under major d1 support turned resistance.
3. retracement to fib 50/61. head and shoulder formed with lower right shoulder.
4. divergence.

people can draw the channel differently.
the right image still worked out fine.
there was a trend line /channel break and a pullback on the same candle.
can see better in lower time frame and entry could be at fib proj 100.

Hello everyone!
simple scalp (has a chance to continue):