Fibonacci Retracements Trading Strategy - Buy or Sell #fibonacci

Fibonacci Retracements Trading Strategy - Buy or Sell #fibonacci

This video is for educational purposes only and should not be considered financial advice. Viewers should conduct their own research, including tools like Fibonacci retracement, before making any investment decisions. The creator is not liable for any financial losses resulting from the information provided. For personalized advice, please consult with certified financial professionals.

Unauthorized reproduction or distribution of this channel's content on YouTube or any other platform is prohibited by copyright law. #priceaction #forexsignals

[dakra]

I guess this is the only channel where the owner admits to making losing trades, the other YouTube content creators are making 100% win rate.
Love the transparency, keep it up guys!

[preethammahajan]

Market is clearly in the uptrend.
1) it made higher high and an higher low.
2) if you look carefully at the right shoulder, there’s huge liquidity which the price then respected later.
3) final confirmation is, the market didn’t break below the left shoulder and failed to change the character of the market, which was a bonus point to notice.

4) my target would be previous high.

Hope I’m right 😅, but this is all I noticed from the chart.

[ManWithNoFear]

The reason is the bullish candle was bigger than the bearish so I know that the price will go up

[brinardtalks]

I once saw someone say: There is no reason. This is the nature of the beast, the probabilistic uncertain game known as trading. Set ups can look perfect but orderflow may not eventuate on THAT trade but may well work the next attempt.

[jcg]

I bought due to the major uptrend and high momentum of the candlesticks. A wick in the last candle could be seen, however, there was high buying pressure and the supply zone wasn´t so strong to the price to react... In a nutshell, no selling intentions were seen in the price.

[rareram]

Buy, the level of the left side shoulder is a stoploss.
Buy, the right "shoulder" left low does not go lower then the left side lows.

I ignore H&S patterns without supporting volume indicators, they are not the most reliable patten to trust without more than one additional reason imho.

[JensM-ygmz]

I would make a buy order if price goes above the swing high resistance of the large candle to the left preferably with a large momentum candle or green candles, and I would make a short sell if if price bounces down from the resistance - seeking a price down to the swing low/fair value gap area below.

[JurijFasoli]

you have a bulltrend, the strong green candle broke and confirm the last support and creating before that a rejection with a long shadow, not a head and shoulder but a double bottom, so for me the price continue to goes up...i love the heand and shoulder but i prefer a confirmation with a broken support and confirmation for a new resistance, here i wold have put a short position

[mr.yggamer]

Actually it's bullish, simply use the external market structure which shows it doesn't break the previous higher low. Price won't change trend until change of character happens

[Olamilekanganiyu-kcij]

Check the left low before the recent one, there is an orderblock with an FVG even on a strong demand zone, which price came back again to respect giving a W-pattern and also the recent low failed to break the previous low i.e telling us that the trend hasn’t reversed yet …that shows an aggressive buy and we should be looking for opportunities to long

[piyushbagle]

1 - up trend
2- break 2 swings
3 - price action break

[andrijafabijancic]

The market was making higher lows so it was in an up trend and the bullish candle was bigger than the bearish one.

[BASIT_ZAKHIL]

Mini trend line breakout
Those small candle then a big blue candle bulish engulfing
It's a buy

[_ZowZow]

From the FVG we had a downtrend, on the bottom structure the price was strongly rejected which led to the shift in that downtrend, so on the last high of that downtrend put a zone and see how the price is reacting 💯

[soumyadipchakraborty]

Is it because of the engulfing pattern created at the last ?

[FGWURLD]

I will be very honest. My strategy gives me a BUY signal, secondly under psychology, feeling that the candles would complete a head and shoulder pattern was really not the way. The head and shoulder would have been used for a confirmation to place a sell entry order . Don't forget, the market will not gives us what we want, so expect nothing.

[mohammadmahditozandehjani]

Hi admin!
There are multiple reasons to hit SL from different price action methods perspectives, so i suggest you make short videos about such scenarios to make clear what the reason was SL hit. By doing that more newbie traders can catch educational points. ❤❤

[TheFloetic]

I used to think upper wicks were bearish. Long as the candle doesn't have a wick on the bottom side, it's still subject to go up..

[funspectrum]

I had same problem before like this one, sometimes head shoulders doesn't 100% mean SELL, so i don't understand why it goes higher and BUY...

I always want to use higher timeframe like 5 minutes or 15 minutes, but eventually using 1 minute graph because of volatility... always change direction...

Recently always stop bidding then bid again, because of change direction..

Most of times graphs are really tricky

Sometimes indicators doesn't work too...

[reskymensen]

i think, if you draw a line to resistance area on the bearish pattern, it shows the break of the structure