This is another trade on the audjpy. I miss this one. Nice setup, pull back from TL forms evening star on pink fibs. 38.2 and on white fibs at 61.8. Thats call C-Convergence. Where two fibs from a similar high or low coincides. Entry should be after ...

A,B,C,D - 1,2,3,4 System

Heres a 4H chart for eurchf. I've been in a a trade on this pair from last week. Today the market retraces and creates another nice set-up which I would have entered on. The set up is the pullback from the TL at the blue fibs - 61.8 which forms an ...

A,B,C,D - 1,2,3,4 System

The next chart is showing a downtrend. The white line was the uptrend, as you can see the market breaks the uptrend line test it then continue down. On this chart there was Convergence at C (fib. 78.6 from 3 - 4 and fib. 61.8 from A - B coincide at ...

A,B,C,D - 1,2,3,4 System

When trading this system first draw all TLs(Inner, Outer and Long Term) to determine the current trend. After which you will find and draw your latest A.B. Spread fibs from A - B to project a C bounce off the TL which will be a retracement(38.2, ...

A,B,C,D - 1,2,3,4 System