Fibonacci Trading And Price Action

Setting up a Fibonacci price cluster coincides with resistance, Setting up a price cluster with a sensitive top and bottom and a price cluster coinciding with resistance proves that this is a rather sensitive point.
If the price breaks through the long support of 33632.5, it will also start a series of strong declines.

Comment:

Market Open!!! UP

Comment:

a bullish consensus of the relative strength index RSI on two different cycles follows a fibonacci golden ratio on the H4 frame. It will make the support I set up a wall, at least need to run at least 2 bars on the next H4 to be strong enough to stop the price at the moment, if you want to be sure. find out for yourself on the opening hours of the week on the H4 frame how many cases like today I am talking about it and the price turns 180 degrees. Try to find it?

Trade active:

Entry 33744.68

Comment:

- The trading momentum is quite different, I think those who have profits will definitely close their open positions. At the H4 frame people are trying to sell it like crazy, remember to set your stop loss to make the overall trade a profit, not a loss.
- I also took profit and left only a small open position.

Trade closed manually:

I find the current trade setup to not match the volume, It's possible that the setup won't hold the price. You re-align the order yourself so that this trade is not a loss.

Comment:

The H4 2 relative strength index on two different cycles is still bullish, but the higher brackets are trying to erase the H4 a few times and have succeeded. For now I will close all open position volume.

Comment:

Buyers see the price too high and buy low while sellers lower the price and continue to sell short at the low price.

Trade active:

The transaction setting is repeated again. Does anyone still enter as trade setup???

Comment:

Next week there is a lot of important economic news, you cautiously may not conduct transactions this new week to control capital and interest rates.
I am seeing a weakening of the dollar on theoretical issues personally.
The orders you still have open should reduce the trading volume and move the stop loss to the breakeven position,
I will review the information and provide strategies for you later