Resistance on short term (D1, maybe W1), but I still see trend channels on these timeframes heading north. But I think a good level to short for fast wins.

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everything is possible. 1.22745 could be a goal. But maybe some algo is reading this forum and will decide differently ;-)

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Depends on your strategy

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I still do not trust the bearish peace (though I would like it). I have a long term fibo (yellow) that defines my trend channel on D1, also I have a short term fibo (blue) based on yesterday's candle. Coincidence? image

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IF all human "big" traders are on holiday and left the algos alone, we might have the same scenario as yesterday: London open (until noon) marks the high, then down to mark the low, then oscillating inbetween. image ***EDIT**** or the algos go ...

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My levels, derived from yesterdays candle: image

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Yipp. bounced off from the lower line of the H1 trend channel as shown here url

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Totally agreed ;-) image Good luck and a happy green rest 2020

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The last H1 stopped exactly at the 100% line of "my" fibo: image Edit: already drawn last week

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I would prefer to increase the lot size on a pair/system that I know and that works (!) over risking money on a pair I do not "understand". Rather use the compound interest effect than playing around. A wise investment woman (don't remember the ...

Stable & safe TREND strategy - 30% to 40% yearly profits

1.21794

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"For most of the past decade more trades have been done at high frequency by complex algorithms than by humans. Now big banks have their eyes on quantum computing, another cutting-edge technology." Quantum for quants, "The Economist" Good luck ;-)

Stable & safe TREND strategy - 30% to 40% yearly profits

No matter what kind of EA on backtest: it depends totally on the time when you start trading. Minutes can already decide over being killed or survive. There are so many situations that can blow an unprotected account within hours when you enter at ...

Stable & safe TREND strategy - 30% to 40% yearly profits

It's all just fibo comnined with simple geometry... (and some AI behind ;-) ) image

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One of my H1 setups. The thick red line I had drwan some weeks ago, in another analysis. Green trend channel and thin red line trend of the lower lows. image

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Defining a new channel, now marking new levels? H4: image

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I have a feeling, that it might turn out like on the 16th this month. London open marking the high of the "box" (the x marks the candle and not the high): image ...but y'all know that in forex history does not repeat itself ;-) ****EDIT**** this ...

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If we stay within the trendchannel, the lower wick of this H4 could go down to around 1.2189. image Or maybe not. Who knows, don't listen to me. I am just thinking out loud...

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If we stay within the trendchannel, the lower wick of this H4 could go down to around 1.2186. image Or maybe not. Who knows, don't listen to me. I am just thinking out loud

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cmon guys, this is also not coincidence. Looks like the closer we come to holidays, the lazier the human bankers get and just let their programs do the work... (the trend channel is from last week!) image

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