Today on USDCHF - Daily and H4 charts support Short trades. — On the Daily chart (attached), we would notice that price has decisively broken below the 1.0600 level, which we've been discussing for a few weeks. Consequently, there is the high ...

Hourly Fibonacci Method (Day Trading)

Thanks a lot for your kind words Pipsguru.

Hourly Fibonacci Method (Day Trading)

Today on EURUSD - Daily and H4 charts support Long trades. — On the Daily chart (attached), the coast seems so clear for the bulls: price has broken the year high - a very major resistance level @ 1.4447 (which we've highlighted using the blue ...

Hourly Fibonacci Method (Day Trading)

Is the GBPUSD having a change of mind? — Since the beginning of August, higher time frame charts have been signaling the possibility of bears dominating the GBPUSD for a relatively protracted period. However, while the Monthly and Weekly ...

Hourly Fibonacci Method (Day Trading)

GBPUSD on Labor Day in the United States — Today, we have Bank Holiday in the US. Consequently, quite a number of traders won't be in the market, and there might be thin volume. I was unable to have analysis posted during the London session; ...

Hourly Fibonacci Method (Day Trading)

Austineejo, thanks a lot for your kind words. Primarily, I use Hourly swings; but as you probably know, the Hourly swings sometimes coincide with previous daily highs/lows and other past events, which automatically give more credence to their ...

Hourly Fibonacci Method (Day Trading)

Today on GBPUSD – NFP Rules. — Pls NOTE: Based on personal experience,if there’s one particular day in every month that day-traders employing trending patterns should be wary of trading most, it has to be the first Fridays of every month when ...

Hourly Fibonacci Method (Day Trading)

Update on today’s USDJPY Short Trade set-up — Pls NOTE that a new swing high @ 92.56 (highlighted with the white dashed line) has formed on the Hourly chart (attached). With the new swing high, price move above the 92.56 level invalidates any ...

Hourly Fibonacci Method (Day Trading)

Short Trade set-up on USDJPY Hourly chart. — There’s currently a Short trade set-up on the USDJPY Hourly chart. I’ll give a top-down analysis – starting with the Daily chart: On the Daily chart (attached), as discussed earlier this week, we ...

Hourly Fibonacci Method (Day Trading)

Thanks for your kind words Fxpilot. Price making lower-highs and lower-lows, I believe, is the same as saying the market flow is down. A lower high is a lower swing high, and a lower low is a lower swing low. Hope the explanation is clear enough? ...

Hourly Fibonacci Method (Day Trading)

Today on GBPUSD – Daily and H4 charts support Short trades. — On the Daily chart (attached), since the beginning of last month (August), we’ve been discussing the possibility of the GBPUSD pair experiencing a protracted downward move. Price ...

Hourly Fibonacci Method (Day Trading)

Thanks D liberators, it’s great to have more and more traders that are benefiting from the thread.

Hourly Fibonacci Method (Day Trading)

Today on USDCHF – Daily and H4 charts support Short trades, but… — On the Daily chart (attached), as we observed almost throughout the latter part of last month, price is still hovering within the region of the 1.0600 level – a very major ...

Hourly Fibonacci Method (Day Trading)

Hello Bjpumping, ese gan o . Thanks for your kind words, and it’s so nice to know we employ similar approaches. You’re always welcome to drop a line. I’m also in the south west: I’ll always appreciate your email if you use one. I wish you and ...

Hourly Fibonacci Method (Day Trading)

Today on USDJPY – Daily and H4 charts support Short trades. — On the Daily chart (attached), we could see that the USDJPY pair has been in downward channel formation since the second week of this month, and currently, traders still seem ...

Hourly Fibonacci Method (Day Trading)

Update on today’s GBPUSD Long Trade set-up — If you were able to identify the GBPUSD Long trade set-up and took the trade, that’s great. I took it, and, currently, I’m still in it. It was slightly nerve-racking as price surged downward toward ...

Hourly Fibonacci Method (Day Trading)

Today on USDCHF – Daily and H4 charts support Short trades, but… — On the Daily chart (attached), yesterday, the Swissy (as well as the Euro and Cable) rallied against the Dollar. As a result, some charts’ formations were altered. Studying the ...

Hourly Fibonacci Method (Day Trading)

Update on GBPUSD Short Trade — The GBPUSD Short trade didn’t work out, but with proper money management, there’s always opportunity to be in another trade. It’s also good to know that we were protected from taking a EURUSD Short trade.

Hourly Fibonacci Method (Day Trading)

Now, the coast is clear to seek a GBPUSD Short trade set-up. Price just breached the most recent Hourly swing low @ 1.6158, which is also the previous day low (GBPUSD Hourly chart attached). The retracement might happen, and it might not. Besides, ...

Hourly Fibonacci Method (Day Trading)

Hi Fxpilot, if you’re able to attach your charts in subsequent posts, that’ll be great. It’ll help everyone have a better understanding of your analysis. However, I think I have an idea of what you’re saying. Looking at my EURUSD Hourly chart ...

Hourly Fibonacci Method (Day Trading)