chart h1 - 1.15 pm Malaysia
price is testing fibo 50% level of yesterday hi-lo
downwards journey should only be confirmed when the blue trendline is broken...
UPDATE
h4 chart at 6 pm Malaysia
price rejection at 23.6% fibo level???
last candle closed as a pinbar
strong indication that retracement has completed...
just be careful and keep looking for best entry to sell
:D
9.30 pm - called it a day.... price action too erratic...
managed to get 17 pips only whole day :))
hi GJ.trader
i like to know what's name of fibo indicator u use in graph.
my fibo indi have no price and no extend fibo.
sincerely,
Thao-tarok.
it is just a normal fibo retracement at mt4. to add price at the fibo levels, see here http://www.metacafe.com/watch/918502/secrets_of_metatrader_lesson_1_adding_price_levels_to_fibo_ret/