EURUSD & GOLD

Go to m5 chart and watch the PA there

Second test of support is taken out. It's now time to check Fibs.

For the scalpers there were plenty of chances on M5 going down.

Need to be on the lookout for a strong turnaround; otherwise its a new ball game.

Shall need to watch M30 for a formation of candles to see if a turnaround is in the making.

I'm signing off for a while.

38.2 fib seems to be the turning point.

It happens quite often that the fib halfway between 38.2 and 50 is the one to watch.

Let's see;

In this jittery business it's best to do nothing.

What about eu? Bakker-sensei

The next H4 is to open soon, lets see if we get a signal from it.

What a mess here, lol!

Another broker with a different time scale for H4.

Found a footing at 61.8 fib

it seems death came into the fray.

The system we're using here is very simple and easy to apply. See chart below, check the lines drawn and you will see what I mean. The arrows point to entry points when you're within the trend already:


Yellow line is MA1(close price) and blue MA1(open price)

might see a run up after minutes.