hello,
my name is kirollos and this is my first try after long pause of trading.
this is EUR/AUD currency.
I know that most of bank are in holiday today but lets try this.
there is a downtrend on high-time frame like 30min and 1h , and there is a corrective move (channel) on 5min time-frame.
I drew fib level and the correction move reach the golden ratio between 50% and 61.8% , then I drew fib extension to predict the next move and I would be satisficed with 61.8% as my first take profit target.
I my forecast that liquidity move to me side which encourage me to continue.
feel free to criticize me idea .. I love to hear any thing from you but please clarify your idea to me to understand.
my name is kirollos and this is my first try after long pause of trading.
this is EUR/AUD currency.
I know that most of bank are in holiday today but lets try this.
there is a downtrend on high-time frame like 30min and 1h , and there is a corrective move (channel) on 5min time-frame.
I drew fib level and the correction move reach the golden ratio between 50% and 61.8% , then I drew fib extension to predict the next move and I would be satisficed with 61.8% as my first take profit target.
I my forecast that liquidity move to me side which encourage me to continue.
feel free to criticize me idea .. I love to hear any thing from you but please clarify your idea to me to understand.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.