EURUSD & GOLD

Don't rush it, wait for H1 for confirmation, and M30 and M15. It can turn down as well; then you need to go back to H4 and wait, and wait, and wait. Patience is key in this game.

The correct way to use Fibonacci

It gives you a range, on a lower time frame try to find which level will hit first. Trade that

Yellow needs to straighten up, even better is a curve to the left. Look back where the numbers (SA time) are and you will see what I mean. You need confirmation from all the lower TFs before you can enter the trade.

Beautiful

Look how H1 try to test support at the H4 line, wants to move higher.

M30 and M15 try to catch up.

The ADX (Average Directional Index) is a technical indicator used to measure the strength and direction of a trend. It's calculated by first determining the +DI (positive directional indicator) and -DI (negative directional indicator), then calculating the DX (Directional Index), and finally smoothing the DX values to get the ADX line, according to HDFC Sky.
Here's a breakdown of the calculation:
1. Directional Movement (+DM and -DM):

1. +DM:
   Measures upward price movement by comparing consecutive high prices. If today's high is greater than yesterday's, the difference is the +DM.

1. -DM:
   Measures downward price movement by comparing consecutive low prices. If today's low is lower than yesterday's, the difference is the -DM.

2. True Range (TR):

1. The TR is calculated as the greatest of the following:
   1. Current high - current low
   1. Current high - previous close
   1. Current low - previous close

3. Smoothed Averages (for +DM, -DM, and TR):

1. Wilder's smoothing technique is applied to the +DM, -DM, and TR values over a chosen period (typically 14 periods) to create smoothed averages.

4. Directional Indicators (+DI and -DI):

1. These are calculated by dividing the smoothed +DM and -DM by the smoothed TR, and then multiplying by 100.

5. Directional Index (DX):

1. The DX is calculated by taking the absolute difference between +DI and -DI, and dividing that by the sum of +DI and -DI, then multiplying by 100.

6. Average Directional Index (ADX):

1. The ADX is calculated by smoothing the DX values using Wilder's smoothing technique. This results in a line that represents the average strength of the trend, according to HDFC Sky.

M30 and M15 are breaking down; wait till H1 do the same. H1 still struggling for support

M30 and M15 are doing fine

It's bank holiday in China; probably the reason for a subdued market.

Will wait for a break of the top line.

Sorry, had an interruption.

H4 still got a kink in yellow, I'm going to wait for the next H4 candle.

You could have done a trade on H1, but I concentrate on H4 for a signal.

Posting the trade on H1 here and follow it up with the chart on M30 and M15. Check how it fell into place: