FiboPivotCandleBar - indicator for MetaTrader 4 This indicator is a composite of several indicators: Fibonacci, Pivot Point, ZigZag, MACD and Moving Average which are combined in this indicator. This indicator gives advice to buy and sell with the direction of the arrow.
USD/JPY Weekly -The below chart displays a yearly (each bar is 1 year) USD/JPY log chart. Remember, huge reversals have materialized in years that end in 5. A top formed following the last 3 year rally (1994-1996). 12 month rate of change exhibits divergence and the top in June was at the line that connects the 1990 and 1998 highs. Finally, a yearly doji may form for 2015 (a lot to be decided next week). Shorter term, this week’s ...
Talking Points: Fibonacci Retracement tracks the pullback after an extended moveTraders eye 38.2%, 50%, and 61.8% retracements as possible reversal levelsFibonacci’s ‘magic’ comes from its self-fulfilling nature Where to Draw the Fibonacci Retracement? Where exactly is that? For starters, we need to identify an extended move up or down on our chart. In other words, a swing low followed by a defined high or a swing high followed by a defined low. Below, ...
Technical Analysis EURUSD crashes through objectives; LT trendline in playUSDJPY registers 6 year highAUDUSD tests Fibonacci resistance EUR/USD Monthly -“Long term, a failed breakout and top would keep with the pattern of 3 year cycle tops. The break of 1.3476 completed a topping process with targets of 1.3294 ...
When markets pullback from the trend consider trading retracements Traders can time entries at support and resistance using oscillators Manage risk over previously market swing highs or lows Scalpers have a variety of choices when it comes to an execution strategy. This decision should be decided after carefully evaluating current market conditions for the currency pair of their choosing. Today to continue the Definitive Guide to Scalping, we will focus on trading ...
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