The Fibonacci channel projections (FCP)

gbpnzd on hindsight.
1. fundamental - dovish fomc affecting the commodity currencies.
https://www.futurecurrencyforecast.c...n-loonie-48514
2. technical - missed out the htf support zone and trend line with divergence. however price is approaching a supply zone.

in the above case, risks in day trading in smaller time frame could be mitigated by partial tp1 and put the balance to BE+.

AUD/CAD H1

So I took this trade last night, based on the above post I drew the channel wrong. Below is the chart that I used to enter, I took 1/3 off at the TP1, then there was a nice reaction at the .236 so I was going to move my SL lower and ride is down to TP3.

So while waiting for this to hit TP3 I see Seysin's post and realize I probably built this channel incorrectly, and if my redraw is correct then it hit TP2 perfectly and I should get out. So I closed my trade in profit.
I hope I drew the 2nd one right, I think I did, seems like closing it was the right choice.

Thanks for everything Seysin, your continued support of this thread is greatly appreciated.

Hello everyone!
EUR/USD scalp.
TP1 and TP2 reached.

EURGBP 1H

I am no Seysin or InTheBox but I would have not taken this trade for the following reasons:

1) No volume increase out of channel
2) No MA Cross, MA's are against you.
3) No wave failure pattern.

first of all i do not trade pairs like eurgbp, and the other one is audnzdcad.
i am trying to make sense of what happened in eurgbp and would like to share on mtf MA cross (8/21 ema) and fractals.

1. w1 ema 8 above 21. 21 point slightly up with hh hl. possible hidden divergence forming.
2. d1 ranging. ema twisting.
3. h4 ema 8 below 21. but 21 flat with no lh ll. 8 pointing up and price above it.
4. h1 when price closed above trend line. ema 8 below 21. but 21 flat. 8 pointing up and price above it.
regular divergence forming. good for exiting short trades.
5. m15 when price broke up above fractal high then the channel, volume was increasing.
regular divergence formed. ema 8 above 21. 21 pointing up and price above 8. macd above zero.
so it would be good that fcp channel only be drawn when conditions favor in that particular time frame and tp1 2 3 according to it.

Beautiful multi time frame analysis, you know what you are doing obviously, thank you for keeping contributing to this great thread.

Hi,

where to download these indicators for the new build mt4 1280?

post #1. one of the links somewhere below.

something happening but watch out for asia range

Didn't take this, but it looked like a nice horizontal channel FCP

EUR/USD m5 Scalp

NZD/USD m5 Scalp.
Took this trade after the above trade went to TP1 and moved the rest of my SL to BE. I don't like to be in correlated trades unless I split up the risk or move the SL to BE in one of them.

break or reject?

Hello, friends!
EUR/USD scalp
BUY 1814, SL 1789, TP1 1821, TP2 1835

Changed projection (see chart).
Part of position is closed at 1836 with +22p.
For tre rest part SL moved to BE. TP2 moved to 1859

breakout

NZD/CAD m5 Scalp