Quick plot to look for a long scalp (catch the proverbial Knife). The drop has been fast and furious but even dead cats bounce. Lets see if we can set a trap to catch a few pips or ride higher.
Professional Knife Catchers do so with 2 fingers only (small lots). If the knife slides through fingers, let it go and move your feet. If actually caught, check both fingers and slide sheath upward.
Targets in red, first one to close 50-80% of position based on movement. Second target is rather blurry, any one of the lines could turn it quick-like. Third target would be super lucky home run, close it and turn off computer.
Previous Plots:
See some of my other Forex calls below. I also plot Crypto and some Stocks, check my Profile Page.
(caught most of the spike) (Perfect entry, still in play) (Upthrust warning just in time) (Fib extensions at work) (recent perfect entries) (recent perfect entries) (the very tippy-top a year ago) (almost at a long term target now)
Of course, I have had total FAILS on some plots also, not going to pretend. But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
Yorum
⋅
Here it comes,... licking fingers ... 2 only ....
.
Yorum
⋅
Knife caught (I think) checking fingers now, no squirting blood yet ...
.
Yorum
⋅
Bounce is undeniable. Just dont know if death is inevitable.
Zoomed in, we see the green 2.236 was the reflection and not the larget tf Red below below. Pretty good sign
< checks both fingers, all good, phfew >
.
Yorum
⋅
First possible snag here, the pesky 2.618 2.618's are like Rooks on the Chess board, everybody notices it even just sitting there ...
.
Yorum
⋅
So far so good. Now at next obstacle, the high tf fib 8.236 looks to be negotiating reasonably well.