AJDP13

AJDP13

On the DXY 4hr chart, I have identified a Rally-Base-Rally (RBR) and boxed that area. I then fibbed the bullish 4hr movement and saw that the RBR was roughly at the 38% retracement fib level (i.e. the level that price retraces to when it is looking to create higher lows and higher highs) which increases the confidence of this outlook idea. This then also...

AJDP13

Expecting a nice retracement on the Daily candle to form a lower high and then an extension to the downside to form a new Lower Low. The Fib has been used for the 5th Feb Daily candle and we are targeting two entries The 5m/1hr DBD The 61% Fib Level The DBD: The Drop-Base-Drop (DBD) was identified on the 1hr timeframe using the QuantumTrader Indicator, I...

AJDP13

Fibbed the large red 1hr candle and expected a 38% retracement followed by a 27% extension with stops at the 61%% retracement level. This idea ended up hitting TP, had minimal drawdown and boasted a 1:2.57 RR