I didn't set a good entry for this trade. I should wait for price to obviously go above the trendline for a good entry.
Comparing to the downtrend (18:15-18:50), the uptrend (17:55-18:15) before that was much smoother. The price was creating higher high and higher low. A trendline of positive slope was spotted. During this time, entering CALL trades is more possible to get profit.
During last trade, I found that the price might want to go back down around fibo 0.5 and an indecison candle appeared at 19:30, which provided a good lowest price for me to set as my confirmation level. So after the strong bearish candle at 19:33 passed through my confirmation level, I entered at the beginning of 19:34. This is the most beautiful I did today. Just...
Similar to EURAUD, price tends to fluctuate between fibo levels. So I entered the trade when price broke out of the upper level.
Again, too much fluctuation for EURAUD. Not a good time to trade.
There were indecision candles forming at fibo 0.5 level, which indicated that trend may get reversed from this level. However, instead of going up, there was a comparative larger bearish candle, 18:19 right after those indecision candles. The bearish candle closed below all the indecision candles, which showed that price had made a decision of going down. So I...
EURAUD continues what it did yesterday. Price tends to fluctuate a lot within fibo levels before it starts a new trend. So confirmation of entry has to be set much higher than usual.
The bear power was very strong. It has broken support levels for several times. Bull power is trying very hard to take back the market.
When price reached fibo 0.786, it was doing something similar as what it did around two hours ago (highlighted in blue box). However, this time instead of going up, it went down and touched fibo 1.0.
The price struggled for almost 15 minutes starting from 18:00. But the real reversal should happen around fibo 1.27, which was also a previous peak level and was very very close to the daily highest point. So I waited for price to drop below my confirmation level, which was almost the highest of the struggling point. Be prepared for a little struggle when price...
Followed the previous trade. The price was uncertain at a previous struggling point. I got into this trade kind of because it broke out of the fibo 0.618 level. I thought there was enough room for price to rise. However, I missed the struggling point, which made the trade so risky. Half of time of this trade was losing.
The price struggled a lot between the fibo levels 1.27 and 2.0 of a uptrend. So the confirmation of entry had to be set much higher to confirm a real trend. I drew another fibo to see where the next resistance would be.
The price got supported by fibo 0.618, which was also very close to a previous suport level. The price stopped falling and tried to turn around. I entered after I confirmed the new trend at the beginning of 15:22. However, the candle of 15:22 ended as a doji. That was bad. Luckily, the price went up for few more candles before it started to dropped again just...
I did this trade a bit later than the USDJPY one. AGAIN, it's really a bad time to trade right now. Price is fluctuating.
Not a good trade but not too bad. Confirmation level was set at a previous trough. Right now, it's really not a good time to trade.
Price got supported around fibo 0.786. Confirmation of entry was set slightly above 0.786 level, where the highest price of the indecision candle at 14:03. Although this trade is in the money, the candle for 14:09 is missing here!
Price reversed from fibo 0.786 level and a preivous support level. Confirmation level was set at the highest price of pin bar at 19:34.