DislikedIf this pair retrace, there is a high probality it will reach Fib Zone 144 which is also the deep retracement of 61.8%Ignored
Trading Levels with WRBs
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DislikedIf this pair retrace, there is a high probality it will reach Fib Zone 144 which is also the deep retracement of 61.8%Ignored
Dislikedwhat about the cad \ jpy & nzd\chf , are we still looking at them for a short ?
since the nzd\chf respected the 61.8 retracement , and the cad\jpy is about 50 pips from there ... if we are still look at them as a short , it will be very wise to watch them closelly in the next few hours...Ignored
DislikedI think that Cable, Euro and Swissy are more interesting right now...Ignored
Dislikedthey are interesting , but I do not see how can I get into position right now on them... what I am looking for is getting into position in a way that there will be a reasonable r:r ratio this why I looked at the cad\jpy - it's close to that 61.8 - and if it will respect it then...
update - cad\jpy on the target , where would you put stop loss ?Ignored
DislikedI wouldn't want to risk more than 30 pips above the high of 103.10
So far - for me - the CADJPY has shown a lot of strength and has rallied fast on good volume and run well past the 61.8 retrace and got close to the 76.4 level - BUT has been halted at the 233 Fib Zone - also the sweet spot level at 103.00.
Have the fundementals for this cross changed from bearish to bullish - as I've never traded it, I have no idea! - good luck with your trade...Ignored
DislikedJust as Mouteki as predicted, the 610 fib zone has just been taken out. I didn't took this trade as I want to observed whether harmony has been respected. I took the EUR/USD trade instead as it move in the opposite direction. If anyone has taken this trade according to Mouteki's video, it would have been an easy 200+ pips in the green.
I am beginning to understand the system better.
ThanxIgnored
DislikedHere is a D1 chart of the AUDNZD which looks good for a short soon. We could take an early/riskier short @ 38.2%/1.2252 or wait for price to reach 610 FZ/1.2356 to short which is a more conservative approach.
TimeFreedomIgnored