Socratesinc

Socratesinc

We see price close below support on 15 min with a strong bearish candle breaking 2 support zones with volume. We anticipate for her to continue bearish once she breaks the low of the previous candle and that's exactly what she did. Price always moves with purpose so we see that she ran to the next zone smoothly.

Socratesinc

I go in detail on the chart. We see price break a lower high and a lower low on three 15 min candles, aka meaning its a strong move which you can run your fibs on. Found great confluence.

Socratesinc

I go in great detail on the chart. This was a EMA cross, first bounce trade.

Socratesinc

I go in detail on the chart as to why I believe price will sell. STRONG support and resistance on 4 hour, daily, weekly and monthly. 4 hour and daily also show us that price is currently in a down trend according to EMA lines and price direction (trend).

Socratesinc

Began as a EMA cross first bounce trade, turned into a fib layout break trade. I go in detail on the chart on different confluence points.

Socratesinc

EMA cross first bounce trade Price consolidated, EMAs crossed, price broke to the down side. 137.200 is an institutional level, sitting in between our entry zone. 4 hour also uses 137.200 as a S/R price Remember we're looking for confluence on all time frames

Socratesinc

Price consolidated then broke to the down side. EMA lines on 15 min eventually crossed. Simply ran our fibs and waited patiently. We find confluence in that the yellow line is an institutional line and also a S/R area on the 4 hour. Price was also approaching a 62% short on the 4 hour.

Socratesinc

I go in great detail on where the confluences with this entry were at on the chart.

Socratesinc

4 hour shows us a fib short at the 62% when running fibs from the whole move. 30 min shows us a fib short at the 72% when running fibs from the institutional levels closest to the leg that broke out. 4 hour and daily show a strong support and resistance when the yellow line is which has confluence with all of our entries described above.

Socratesinc

I am seeing that running your fibs on the 1 hour time frame using institutional levels is not only the most clear fib entry but it forces you to have more patience which is what you want as a trader. But also you don't see all of the noise on the 15 min and the 30 min time frame. Noise will cause you to trade emotionally which is what you don't want. I go in...

Socratesinc

Perfect ripple effect fib set up. Very visible on all time frames. The fact that the 4 hour time frame show us a fib set up is what caused price to act dramatically. Of course news, presidential debate, covid, etc helps price move quickly but remember price always moves with purpose, price is always looking to enter into the next fib. I go into detail on...

Socratesinc

This morning we missed the FIB buy and we were looking for a reentry on the buy which often times happens and it did but it didn't last long before price was heading towards a stronger fib which was on ever time frame including the 4 hour. ⭕️We found confluence at the 137.200 institutional level ⭕️We found confluence on the 4 hour time frame: Support and...

Socratesinc

We are looking for a ripple effect FIB layout for this trade here. We see great confluence with the International Level being very close to the 62% entry which is also the 38% entry for the 4 hour long (yellow line) giving us strong dynamic support. To top it off the 70% level is a S/R level on the 4 hour time frame (purple line). After our analysis we are very...

Socratesinc

We see price finally break past 28200 institutional level to the down down breaking all previous lows. We simply run our fibs, see 2 confluence points being the 200 EMA and the 28300 level and set our limits and wait patiently.

Socratesinc

GU has been rising strongly the past 4 days, but today she SHOT UP. Let's not forget that price always moves with purpose. GU didn't fly up for the fun of it, it shot up towards this daily short, price is currently in profit 30 pips from the highest entry. We entered in at 1.31689, we will hold until the next resistance level. There may even be a fib long in the...

Socratesinc

Price broke past the 137.000 level after hours of testing it, flew past the 137.200 level due to it being the weaker level, price reached 137.666 and is currently trading under the 137.500 level aka the stronger level. We expect price to retrace down near the 137.000 level and buy off that area as support giving us a perfect 79% entry for a buy. 4 hour time frame...

Socratesinc

Price broke out to the upside after consolidating for 9 hours. That consolidation zone was bouncing between 2 institutional levels, 1915 and 1920. Price bounced off off the 1930 level before heading down to the next level being 1925, I expect price to retrace to 1918 - 1920 giving us a 62%, 70% and a 79% entry to the upside. We will be monitoring the currency...

Socratesinc

Fibs don't lie, plain and simple. Analyze the market, pay attention to news, always monitor your currency strength, but at the end of the day price is driven by fibs and is constantly looking to head to the next fib entry.