CatFx50 - page 383

[frayed]

On the daily charts for all three pairs we are very close to long term Fibonnaci levels

[sovo1970]

thanks Mibl, nothing explain better than a picture itself.

[nina]

Hi!

As it is now:

Nina

[frayed]

Here are pictures of the Fib levels

[nina]

Hi, lets see now if we can break clearly 1.8935 on pound. If not, a retrace is due.

EURUSD has hit the other concrete wall at 1.2906. Then it has 1.2917 and main -1.2928 -

Nina

[[Deleted]]

downunder dave

Hey downunderdave

i pm'ed you m8

geoff

[mibl]

frayed:
Here are pictures of the Fib levels

for all we have about space for another 15 (eur) o 30 pips (Chf and $)

[downunderdave40]

Level 4 Trade

Hi,

Would the 1030GMT candle on EUR at 1.2905 be considered a level 4 trade?

Dave

[nina]

Hi,

Here you are:

Cable can go now to 1.9025

Nina

[mibl]

Wow - havn't expected such a move - cable trailing stop now on 1.8936 (under fibo r2)

@downunder - yes you could - but the consolidation has only 5 candles and fiobo r2 is near - that means more risk - f.e. you can enter with a smaller lot size to address these risk. So it would be better and more reliable when there is a longer consolidation.

mibl