Richard Lee shows how to avoid mistakes that can happen when using Fibonacci Retracements.
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Thank you for all this information.
I have made a thread about Fibonacci intraday trading on the technical analysis forum, you could have a look and share your thoughts about it if you want.
I have made a thread about Fibonacci intraday trading on the technical analysis forum, you could have a look and share your thoughts about it if you want.
Hello everyone,
Here are the Fibonacci retracements that I'm watching for today :
AUDUSD
Current intraday trend likely : DOWN
N1: 0.7905
N2: 0.7887
N3: 0.7857
See arrows on the chart :
![[IMG]](/proxy.php?image=https%3A%2F%2Fi.ibb.co%2F52HJ23t%2Faudusd23022021.png&hash=b52240e5587e89bfece40d96c7b6836b "[IMG]")
********
USDJPY
Current intraday trend likely : UP
N1: 105.09
N2: 105.19
N3: 105.36
See arrows on the chart :
![[IMG]](/proxy.php?image=https%3A%2F%2Fi.ibb.co%2FjTtzMGc%2Fusdjpy23022021.png&hash=7b5c551712cf0dbba0e2a1152349fc74 "[IMG]")
********
USDCAD
Current intraday trend likely : UP
N1: 1.2617
N2: 1.2636
N3: 1.2667
See arrows on the chart :
![[IMG]](/proxy.php?image=https%3A%2F%2Fi.ibb.co%2FRB6vp3z%2Fusdcad23022021.png&hash=c26c2cf5a59d335fc4b107ad70f45ca9 "[IMG]")
********
USDCHF
Current intraday trend likely : UP
N1: 0.8961
N2: 0.8969
N3: 0.8981
See arrows on the chart :
![[IMG]](/proxy.php?image=https%3A%2F%2Fi.ibb.co%2Fqn3GJJ2%2Fusdchf23022021.png&hash=fea829ce56c55fb6d42c78c7de431e6e "[IMG]")
Here are the Fibonacci retracements that I'm watching for today :
AUDUSD
Current intraday trend likely : DOWN
N1: 0.7905
N2: 0.7887
N3: 0.7857
See arrows on the chart :
********
USDJPY
Current intraday trend likely : UP
N1: 105.09
N2: 105.19
N3: 105.36
See arrows on the chart :
********
USDCAD
Current intraday trend likely : UP
N1: 1.2617
N2: 1.2636
N3: 1.2667
See arrows on the chart :
********
USDCHF
Current intraday trend likely : UP
N1: 0.8961
N2: 0.8969
N3: 0.8981
See arrows on the chart :
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