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So let's go now to the main subject of the
So let's go now to the main subject of the video and let's explain more about Fibonacci strategy
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I have noticed that there is a lot of comments,
I have noticed that there is a lot of comments, they want to explain more about this strategy and I think this is very important since we're going to use this as strategy in the upcoming days
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If not the best strategy about actually, you can rely
If not the best strategy about actually, you can rely on people to not cheat on your 20 tips that they strategy and on your hit-and-run trades
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Now, before we start, let me just remind you something
Now, before we start, let me just remind you something here guys, this is demo account
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And I'm using it today for educational purpose because I'm
And I'm using it today for educational purpose because I'm going to enter some trades
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Of course, I'm going to fail in front of you,
Of course, I'm going to fail in front of you, just to show you how we can actually apply the strategy
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Many Treasures, they won't accept with what I'm about to
Many Treasures, they won't accept with what I'm about to say here in this video
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However, I really I can say, I don't care but
However, I really I can say, I don't care but I don't really want to go in these discussions with them
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I have seen that before I have my own ways
I have seen that before I have my own ways on a plane and using Fibonacci, I have been using it in the last 4 years and it's working very well for me
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Last thing is I wanted to say here is I'm
Last thing is I wanted to say here is I'm about to show you how to use the strategy
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I'm not here to explain how people natural Works, how
I'm not here to explain how people natural Works, how the transplants are work
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What I care for here in this video, is to
What I care for here in this video, is to explain to you the strategy itself and how you can apply it in your data rates
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First of all is why people naturally when we are
First of all is why people naturally when we are doing a Fibonacci retracement, why do we trust people just 618
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I mean why we are really trusting that to to
I mean why we are really trusting that to to to enter our threads on the level of 618?
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That means that the trend if it's going down, if
That means that the trend if it's going down, if it's a downtrend, it's normal a downtrend
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Fibonacci meeting that the market has now changed from a
Fibonacci meeting that the market has now changed from a downtrend, for example, into an uptrend that is one for the beginning
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It's also a trend line, I certainly, again, throw Fibonacci
It's also a trend line, I certainly, again, throw Fibonacci retracement and please pay attention that if you don't hear a resistance trendline like that, or if you look at that resistance liver right here, it's always
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Now, as we can see, if we He resists, sorry,
Now, as we can see, if we He resists, sorry, I support a trendline like that
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Now, that means this channel has completely been breaking out
Now, that means this channel has completely been breaking out in the market, has changed the direction
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Now, the normal behavior for the market in these scenarios
Now, the normal behavior for the market in these scenarios is reversing at the highest resistance where the trend line has been thrown
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And then the market is going to fall down to
And then the market is going to fall down to retest the level and then it's going to continue the breakout
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As you can see we also have your a strong,
As you can see we also have your a strong, concordance centered resistance level
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And usually what's happening is the market after the breakout
And usually what's happening is the market after the breakout from the 618
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And then it's going to retest the level and if
And then it's going to retest the level and if the retest has succeeded, the market is going to continue growing model
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is the golden jackpot of your trades because it's not
is the golden jackpot of your trades because it's not likely that Market is going to break out of the trans life
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Always the market is going to break out of the
Always the market is going to break out of the middle of the trend line usually because of some menus or a strength in the currency
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Our weakness of the other currency there for most likely
Our weakness of the other currency there for most likely the market won't actually easily especially on the first attempt won't easily break out from 618
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As we can see, the market has reverse perfectly on
As we can see, the market has reverse perfectly on the first attempt of 618
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So the market did not actually break out from the
So the market did not actually break out from the trend and the trend is still continuing to go downward or actually in a bearish momentum
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However, if you are a day trader and you want
However, if you are a day trader and you want to always have a good traits and you have, if you want to have a high probability in winning your threats, I would advise you strongly to
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Strongest, however, that doesn't mean that you can only trade
Strongest, however, that doesn't mean that you can only trade on the Fibonacci 618
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Now, for example, you know, something before that, we need
Now, for example, you know, something before that, we need to go to the point of how to draw the Fibonacci retracement
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Now, that is the point where actually, a lot of
Now, that is the point where actually, a lot of traitors won't agree with me, but it's up to them
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Anyway, is actually, I would like to say it's a
Anyway, is actually, I would like to say it's a magical tool, it helps you to decide where is the support and the resistance and it helps you to tell you if that level of the support
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I have selected this chart randomly I can see that
I have selected this chart randomly I can see that we are having here a bit of a resistance which was also in the past and previous support level
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So let me just draw the Fibonacci retracement from this
So let me just draw the Fibonacci retracement from this height of this law
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And as we can see, I'm almost right, it is
And as we can see, I'm almost right, it is almost level 52 You were Tradesmen
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Please pay attention to what's happened on each and every
Please pay attention to what's happened on each and every retracement of Fibonacci
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It has indeed reversed here but maybe we can not
It has indeed reversed here but maybe we can not count this because that's happened before reaching the point where we draw the supernatural investment
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And as you can see, the market has reversed almost
And as you can see, the market has reversed almost on the same level of 236
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Let me just increase this one, a little bit like
Let me just increase this one, a little bit like that, okay? Now it's actually now, it's actually more correct
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The market has also reversed this retracement and reverse you
The market has also reversed this retracement and reverse you to hit the previous support level
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We can see that the market has also reversed undeveloped
We can see that the market has also reversed undeveloped 50 and then went down to 3826%
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The market has made that fake break out and then
The market has made that fake break out and then indeed reverse, not only reversed, but as I just explained to the market, could not actually break out from that resistance translate in and could not change
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And the market has fallen down all the way, nearly
And the market has fallen down all the way, nearly two feet Wenatchee Endeavor 0
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Now, that is the thing here to bonaci retracement can
Now, that is the thing here to bonaci retracement can never be trusted bluntly, okay? That we have to clear and make it obvious
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Now, as we can see, guys, we had this level
Now, as we can see, guys, we had this level of Fibonacci retracement number 50, But we cannot just answer it
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The blindly, we need to look at the lift just
The blindly, we need to look at the lift just to confirm if there was indeed a sort of support the resistance that we can rely on
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So if I draw my support line manually here, it
So if I draw my support line manually here, it makes sense that I can actually play as a threat here
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A place to place a sell order since this support
A place to place a sell order since this support level is going to be the new resistance
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Now, the interesting thing here, let's pay attention to what
Now, the interesting thing here, let's pay attention to what happened at 618
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Meaning, the strongest thing you can trust is the drawing
Meaning, the strongest thing you can trust is the drawing of Fibonacci
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Sorry drumming support and resistance manually, but if you want
Sorry drumming support and resistance manually, but if you want to confirm it you can actually use Fibonacci
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Now, we know that this Zone here of the resistance
Now, we know that this Zone here of the resistance is fibonacci's 6 to 18
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Why would I want to place any thread here? Looking
Why would I want to place any thread here? Looking at the Lyft? I don't see any previous resistance
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Exactly right here because we see there was here a
Exactly right here because we see there was here a long week at the top of the canyon so it doesn't really make sense to open anything right on this level because I just told you we
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never thread on Fibonacci blood, we need to look at
never thread on Fibonacci blood, we need to look at the left just to confirm where exactly is the support and the resistance that I'm going to rely on and then open the thread and that is
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So you can never say that the Fibonacci retracement level
So you can never say that the Fibonacci retracement level is just a just a line that the market is going to respect the whole time
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It's actually a zone of support or resistance that we
It's actually a zone of support or resistance that we need to rely on and our trades
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So, let me just delete all these lines and let
So, let me just delete all these lines and let me just now go to the more interesting part
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I just need a neutral Market just to show you
I just need a neutral Market just to show you that what I'm going to explain right now
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Now what do we see here? As I said, we
Now what do we see here? As I said, we can see that the market still respecting people not 250 in Reverse, not going to say the others here
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We need to look right here so we can see
We need to look right here so we can see that the market has reverse from 382
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on that previous support level, just what I have explained
on that previous support level, just what I have explained to you, that support level give the position as a support
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And looking by the Naked Eyes, we can see that
And looking by the Naked Eyes, we can see that we had here at resistance level, which was the previous support
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Then the market went down to the previous resistance, level
Then the market went down to the previous resistance, level right here
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The point is, are these levels permanent or not? Let's
The point is, are these levels permanent or not? Let's go more to the right level just to see what happened
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Of all the mess here that broken resistance level here
Of all the mess here that broken resistance level here after the breakout from 618
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Again, still being respect, and not only that, even after
Again, still being respect, and not only that, even after the bullish, breakout candle from 618
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again, that's previous support level has kept his position as
again, that's previous support level has kept his position as a support
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There's a very same level, the very same level of
There's a very same level, the very same level of the previous support
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Level has also become a new resistance, not only that,
Level has also become a new resistance, not only that, it also keep the exact same level as the resistance later on with the second attempt
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So I'm just going more in the future and see
So I'm just going more in the future and see what happens later on in the market, okay? But seems the market did not reach that level yet, so we need to cancel that go back to
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So, the point I'm trying to explain to you here
So, the point I'm trying to explain to you here is feeble naturally thrust
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Mid levels are actually permanent levels and if you see
Mid levels are actually permanent levels and if you see any level of Fibonacci, 618
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I mean, that's the reason drawing the supernatural Investments is
I mean, that's the reason drawing the supernatural Investments is actually correct
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Always, I'm just trying to find a neutral markets where
Always, I'm just trying to find a neutral markets where I can show you
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If I draw my Fibonacci retracement from this resistance to
If I draw my Fibonacci retracement from this resistance to that support level, and just do like that like that, so we can See guys that in June 2004
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And remember, I'm on the daily chart that resistance level
And remember, I'm on the daily chart that resistance level has the respect that Fibonacci 618
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After again, June 2006, the very similar level of that
After again, June 2006, the very similar level of that resistance level is still being respected on the 618
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Remember that I had just dropped randomly from that point
Remember that I had just dropped randomly from that point here, to this slow, here from the side to the slow randomly
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is still being respected and remember that I just have
is still being respected and remember that I just have drawn the people naturally at the restaurant randomly from that high up to the slow
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Now why I'm saying all of that? What I'm trying
Now why I'm saying all of that? What I'm trying to explain here is no matter how you draw people in Mastery level
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is going to be always very strong and there is
is going to be always very strong and there is another reason the Fibonacci 6 to 18
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is always going to be the real fast after a
is always going to be the real fast after a breakout, no matter what you do, no matter how you throw up, not shift from any High to do any low
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is always going to be the real test of a
is always going to be the real test of a broken support and resistance allow me to show you
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For example, I'm just selecting randomly to drop him and
For example, I'm just selecting randomly to drop him and not you from this high here to this low here, please check it out, always
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As you can see I'm just going to select any
As you can see I'm just going to select any Market randomly that just like that
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is always the retest of a break and Market, you
is always the retest of a break and Market, you can throw Fibonacci in the other way
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By the way, if the trend is going in the,
By the way, if the trend is going in the, this is downtrend, if it's going upward like that, it's out if it's an uptrend like that, you can throw your money on
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level and how it works, and why it's really one
level and how it works, and why it's really one of the best levels to place your trade is because that the market is always going to retest the, the market is going to retest the broken
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And since we are aiming, the first attempt, that means
And since we are aiming, the first attempt, that means that the market must likely is going to indeed reverse 618
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Why are what strategy I'm aiming right now? Of course,
Why are what strategy I'm aiming right now? Of course, after all of that explanation
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Now to understand the strategy, we need to know how
Now to understand the strategy, we need to know how we should drop him a Nazi retracements
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This is, by the way, one of the mistakes are
This is, by the way, one of the mistakes are one of the things I really needed time to understand in Forex is how to draw people naturally at restaurant
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I should I draw it from the absolute highest high
I should I draw it from the absolute highest high in the chart, to the lowest low in the chart, like that is it, this is it, is this the right way? This is how we drove
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When natural retracements or maybe I can throw it just
When natural retracements or maybe I can throw it just from this hot here to this low here
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So why this High here, why could it be this
So why this High here, why could it be this High here? Why couldn't why couldn't it be this High? Hear? What makes that? I think the draw of the Fibonacci is from the side here
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Not this High here here to save your time, Fibonacci
Not this High here here to save your time, Fibonacci is correct, no matter how you draw it, as long as you drive from hire from a high to low Fibonacci is correct
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If you draw it from any hi to any lower
If you draw it from any hi to any lower or from any low to another high, that is just a samurai And just to save your time from a lot of searching
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Okay, so let's just go to the woman at time
Okay, so let's just go to the woman at time frame and I'm going to zoom in to the heart of the scandals
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So you can imagine that these are that's the tiniest
So you can imagine that these are that's the tiniest scandals of the of the of the 15-minute time frame
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Could be like just two or three candles of the
Could be like just two or three candles of the 15-minute time frame, okay
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From this side here, do the slow here, but can
From this side here, do the slow here, but can you imagine how tiny is that in the market? I will show you
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I have drawn Fibonacci retracements on these, very tiny small
I have drawn Fibonacci retracements on these, very tiny small candles on the women time frame, but the market is still respecting, these liver is as long as asthma
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again It reversed and we can see that Faker break
again It reversed and we can see that Faker break out on the market, won't keep coming down and reverse again on 326
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Remember I just dropped Fibonacci, actually on that very tiny
Remember I just dropped Fibonacci, actually on that very tiny small candle
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Look at that the market is still respecting these livers
Look at that the market is still respecting these livers and reversing best on them
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has been breaking out as we can see, the market
has been breaking out as we can see, the market has broken out from 618
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Again, not only that, but we can see that as
Again, not only that, but we can see that as I told you after the breakout from 618,
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You would just need to understand that you should go
You would just need to understand that you should go with the flow, go with the market and go with the direction of the market
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Now, you can see as I told you, you need
Now, you can see as I told you, you need to go with the flow, right? So the trend right now is going up
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As I told you to bonaci is correct, as long
As I told you to bonaci is correct, as long as you're drawing from low to a higher from a high to a low
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So I just wanted to show more example just to
So I just wanted to show more example just to make this clear guys, because this is Important
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If you drive from this high to this low, we
If you drive from this high to this low, we are still going to witness a reversal and 618
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There is a resistance before you can trust the reversal
There is a resistance before you can trust the reversal to happen on 618
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When actually down in the other way, our draw Fibonacci
When actually down in the other way, our draw Fibonacci from this low here to this high and what's happening as I told you the market has again, reversed on 236
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When let me draw Fibonacci from this high here to
When let me draw Fibonacci from this high here to this low here, cuz we can see the market has immediately broken out from the level of 6 to 18,
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Now the broken the broken out of the level since
Now the broken the broken out of the level since the market is breaking out immediately from 6 to 18,
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Can I draw a Fibonacci from this low here to
Can I draw a Fibonacci from this low here to this High here? Of course I can, of course I can
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Now, the problem is that is the first attempted, it
Now, the problem is that is the first attempted, it already occurred, it already happened
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Therefore, I cannot place the threat right now because we
Therefore, I cannot place the threat right now because we already biologic, we already have two attempts on 618
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That is what I'm trying to explain to you guys
That is what I'm trying to explain to you guys that we always need to be logic in our trades
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We need to also follow the rules that we all
We need to also follow the rules that we all need to read the first or second attempt on any threat
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Since we already have support number one and two therefore
Since we already have support number one and two therefore of this thread is no longer good
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In most likely the market is going to continue falling
In most likely the market is going to continue falling down now where I can expect to open another thread interesting
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I'm going to drag this Fibonacci retracement and I'm going
I'm going to drag this Fibonacci retracement and I'm going to expand that more to draw the liver from that low here
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So now the drama of Fibonacci has been changed from
So now the drama of Fibonacci has been changed from this low here to this High here
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Now, that means that my next good opportunity opportunity to
Now, that means that my next good opportunity opportunity to open any trade is going to be on 618
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always meaning, the retest of any broken support and resistance
always meaning, the retest of any broken support and resistance there for this is right here, where I can actually play a small trade because that is the broken resistance and the market, most likely is going
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to go to retest the broken resistance and then going
to go to retest the broken resistance and then going to continue going more up there for my next
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Let's try to find anything valid right now, so I
Let's try to find anything valid right now, so I can enter the front of you
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I'm going to throw a Fibonacci from this high here
I'm going to throw a Fibonacci from this high here to this low here and open to trades
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However, I'm just expecting to see a small rivers said
However, I'm just expecting to see a small rivers said right here, and the market might actually go down to retest it broken support level
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There is a high chance that the market once Reverse
There is a high chance that the market once Reverse by the way, look at the market has reversed
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So what I'm trying to explain here is we are
So what I'm trying to explain here is we are having hear the previous support level
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And most likely the market is going to actually retest
And most likely the market is going to actually retest a proctor support level that support level is going to be remaining as a support
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The market, look at that and you five minute candle
The market, look at that and you five minute candle has just opened and please pay attention
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So what I'm trying to explain here is that we
So what I'm trying to explain here is that we will not she is always correct
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These levers are going to be always respected the since
These levers are going to be always respected the since I am on the 5 minute time frame, let me go to the woman time frame and look at that
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years and what I'm expecting is from the market is
years and what I'm expecting is from the market is to go down here so that's once it support level
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Okay, let me just be clear that I'm not suggesting
Okay, let me just be clear that I'm not suggesting you to open a threat like that on this tiny tiny timeframe I'm just explaining to you that it is
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Working on all time frames no matter how we draw
Working on all time frames no matter how we draw Fibonacci, it's always going to be valid
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So now that means this, let me go back to
So now that means this, let me go back to the 15-minute time frame and it means right now that you can throw Fibonacci retracement at any point from any hi, to any other low
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So let me just now go to through some examples
So let me just now go to through some examples to show you how we can prepare for the setups
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Now, what we can see right now on the pound
Now, what we can see right now on the pound out on 15-minute time frame, the market has reverse from the support level, all right
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So what you can do to prepare for the next
So what you can do to prepare for the next trade you can draw Fibonacci from that high here to this low right here and we can prepare to enter another thread on 618
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As we can see what having right here to the
As we can see what having right here to the broken, the resistance level and that is indeed the breakout candle
-
I'm showing you right now is to show you how
I'm showing you right now is to show you how you can prepare for the setups what you can do to prepare for the 2W, how to open the trades
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I'm going to draw Fibonacci retracement from this low here
I'm going to draw Fibonacci retracement from this low here to this hot here
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As you can see, it is still valid because we
As you can see, it is still valid because we can see that we have here is support level on the market has also here to support
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Maybe just to open another Just to show you that
Maybe just to open another Just to show you that this is actually a bed set up
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However, it might take long time since we're in the
However, it might take long time since we're in the 15-minute time frame and I really don't want to spend so much time in this video, it's already 32 minutes that might be a lot actually, for
-
We are having the aod cat and I'm going to
We are having the aod cat and I'm going to draw a Fibonacci retracement from this location to the side here
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but the problem we already have so many attempts in
but the problem we already have so many attempts in the past on that level, that means entering a Fibonacci or entering a buy order
-
We are having right here at previous resistance level which
We are having right here at previous resistance level which has become a support with 1 attend there for placing another order
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Now, the thing is now, you might tell me about
Now, the thing is now, you might tell me about seller, that is deceiving because when you draw the liver right here from this low here, that was living 50
-
or 50? Now, we are confused seller, which one is
or 50? Now, we are confused seller, which one is correct? Actually, both of them
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As I told you, my friends are Fibonacci retracement, is
As I told you, my friends are Fibonacci retracement, is more complicated than that
-
But as long as you're drawing drunk from any loads
But as long as you're drawing drunk from any loads of another high for this low, and high here, that is considered, as a, as a section or a trend
-
That means for this section here, for this part here,
That means for this section here, for this part here, for this chapter, here, this level is considered now a 618
-
When actually, from this, from this low here to this,
When actually, from this, from this low here to this, I hear we can see that we have here, also a reversal
-
So in this chapter, or the section from this low
So in this chapter, or the section from this low here, to this hot here, 618
-
And of course, as you might already know, when you
And of course, as you might already know, when you open a trade, when you open a thread, for example, let's say, let's say, you have open to trade on the level 236,
-
right? Usually, you can sit your Tech profit level to
right? Usually, you can sit your Tech profit level to be on the next retracement
-
However, that is still up to you where to, to
However, that is still up to you where to, to decide your Tech profit level
-
I have explained to you, how to understand shipping, actually,
I have explained to you, how to understand shipping, actually, and how it's moving
-
So, for example, for example, if I have drawn like
So, for example, for example, if I have drawn like that, and I decided that I want to enter with the by order like that
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So I wanted to place a buy order right here,
So I wanted to place a buy order right here, that was the rules are exactly same of 20 Pips a day and hit and run
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If I place my trade right here on that previous
If I place my trade right here on that previous resistance, I can exit my trade at the nearest resistance also, which is the next Fibonacci retracement
-
If you want to use a stop loss, which is
If you want to use a stop loss, which is up to you, you can just sit the exactly same amount of FIP use for the tech
-
You are going to have, and I'm really interested to
You are going to have, and I'm really interested to hear from you, your review and experience with this strategy, please prepare for it
-
I please watch this video, because we're going to rely
I please watch this video, because we're going to rely on it, on the upcoming days, using the life-threatening with Fibonacci retracements
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And I really hope that you have learned more about
And I really hope that you have learned more about how to use feeble natural replacement in y, 618
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I hope that was informative to you and I would
I hope that was informative to you and I would like to thank you for watching
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00:00:00I hope you guys are doing very well
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00:00:01So let's go now to the main subject of the video and let's explain more about Fibonacci strategy
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00:00:07I have noticed that there is a lot of comments, they want to explain more about this strategy and I think this is very important since we're going to use this as strategy in the upcoming days
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00:00:17and weeks
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00:00:18And I believe it is one of the best
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00:00:20If not the best strategy about actually, you can rely on people to not cheat on your 20 tips that they strategy and on your hit-and-run trades
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00:00:27So it's all about Fibonacci and how we can apply it
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00:00:30Now, before we start, let me just remind you something here guys, this is demo account
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00:00:36Of course, as you can see, that's why it's $50,000
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00:00:40That is not my real account
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00:00:42Alright
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00:00:43Just, let's clear
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00:00:44It, that is demo account
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00:00:46And I'm using it today for educational purpose because I'm going to enter some trades
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00:00:51Of course, I'm going to fail in front of you, just to show you how we can actually apply the strategy
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00:00:56The next thing is, I needed to explain to you something
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00:00:59Many Treasures, they won't accept with what I'm about to say here in this video
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00:01:04However, I really I can say, I don't care but I don't really want to go in these discussions with them
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00:01:10I have seen that before I have my own ways on a plane and using Fibonacci, I have been using it in the last 4 years and it's working very well for me
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00:01:19Therefore, I'm just going to teach you here
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00:01:21What I know and it's up to you if you want to agree or disagree
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00:01:24Last thing is I wanted to say here is I'm about to show you how to use the strategy
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00:01:29I'm not here to explain how people natural Works, how the transplants are work
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00:01:33What I care for here in this video, is to explain to you the strategy itself and how you can apply it in your data rates
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00:01:39So let's begin
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00:01:40First of all is why people naturally when we are doing a Fibonacci retracement, why do we trust people just 618
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00:01:49the muster
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00:01:50I mean why we are really trusting that to to to enter our threads on the level of 618?
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00:01:55As you can already see, it wouldn't actually live at 618
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00:01:58is actually the golden IPod and all of your Fibonacci traits
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00:02:01There is a good reason for that
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00:02:03Any candles or any Market actually exceeds the level 6 218
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00:02:07of Fibonacci
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00:02:08That means that the trend if it's going down, if it's a downtrend, it's normal a downtrend
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00:02:14If the market is going to actually break out from 618,
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00:02:18the the meaning behind the market exceeding 618,
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00:02:21Fibonacci meeting that the market has now changed from a downtrend, for example, into an uptrend that is one for the beginning
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00:02:28Now, we need to also understand this
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00:02:30If you have seen the shippers, should have trust me six one point
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00:02:34It has to be broken out
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00:02:35It means that there is also a trend line has been breaking out
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00:02:39It's not just a resistance level that has been broken out
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00:02:42It's also a trend line, I certainly, again, throw Fibonacci retracement and please pay attention that if you don't hear a resistance trendline like that, or if you look at that resistance liver right here, it's always
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00:02:54a 618
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00:02:56Meaning the fully break out from delivered
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00:02:58Now, as we can see, if we He resists, sorry, I support a trendline like that
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00:03:03So we are having right now, a channel like that
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00:03:05So the trend is going down right now
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00:03:07When you see the market actually breaking out from 618
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00:03:11Now, that means this channel has completely been breaking out in the market, has changed the direction
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00:03:16Now, the normal behavior for the market in these scenarios is reversing at the highest resistance where the trend line has been thrown
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00:03:24And then the market is going to fall down to retest the level and then it's going to continue the breakout
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00:03:29Usually the retest happens also on 618
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00:03:33As you can see we also have your a strong, concordance centered resistance level
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00:03:37And usually what's happening is the market after the breakout from the 618
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00:03:42is going to also come down to 618
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00:03:44to visit the same level again of the previous resistance
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00:03:47And then it's going to retest the level and if the retest has succeeded, the market is going to continue growing model
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00:03:54So that's why I 618
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00:03:56is the golden jackpot of your trades because it's not likely that Market is going to break out of the trans life
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00:04:01Always the market is going to break out of the middle of the trend line usually because of some menus or a strength in the currency
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00:04:08Our weakness of the other currency there for most likely the market won't actually easily especially on the first attempt won't easily break out from 618
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00:04:17As we can see, the market has reverse perfectly on the first attempt of 618
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00:04:22like that
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00:04:24So the market did not actually break out from the trend and the trend is still continuing to go downward or actually in a bearish momentum
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00:04:30There for placing a trade on the first attempt of 618
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00:04:34is actually one of the best choices for best options
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00:04:37You can ever do in your daily trades
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00:04:38I would as I would recommend you to avoid the second attempt
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00:04:42However, if you are a day trader and you want to always have a good traits and you have, if you want to have a high probability in winning your threats, I would advise you strongly to
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00:04:51enter the first attempt, always a Fibonacci 618
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00:04:54So that's one point that we have for cleared about
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00:04:56The reason was the point 618
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00:04:59Strongest, however, that doesn't mean that you can only trade on the Fibonacci 618
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00:05:05actually can trade on all of these levels
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00:05:06Allow me to explain to you something here
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00:05:09Now, for example, you know, something before that, we need to go to the point of how to draw the Fibonacci retracement
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00:05:14Now, that is the point where actually, a lot of traitors won't agree with me, but it's up to them
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00:05:20Anyway, is actually, I would like to say it's a magical tool, it helps you to decide where is the support and the resistance and it helps you to tell you if that level of the support
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00:05:31or resistance is the right one, you draw or not
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00:05:34So let's pay attention here, not as that
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00:05:37I have selected this chart randomly I can see that we are having here a bit of a resistance which was also in the past and previous support level
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00:05:45Now, from my experience, I would assume that this is level 50 or 382
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00:05:50of them to bonaci
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00:05:50So let me just draw the Fibonacci retracement from this height of this law
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00:05:54And as we can see, I'm almost right, it is almost level 52 You were Tradesmen
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00:06:00Now, there is something here, we need to understand
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00:06:03Please pay attention to what's happened on each and every retracement of Fibonacci
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00:06:07So, what we can see right here that we're having Livin 236
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00:06:12in the market
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00:06:12It has indeed reversed here but maybe we can not count this because that's happened before reaching the point where we draw the supernatural investment
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00:06:20So we can consider this point right here
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00:06:22And as you can see, the market has reversed almost on the same level of 236
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00:06:27Mm, extra Tradesmen, what's happened level, this is 386,
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00:06:32just to be sure, just to show you guys
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00:06:34I just wanted to show you, so it will be clear for you to understand
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00:06:38So now we can see
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00:06:39Let me just increase this one, a little bit like that, okay? Now it's actually now, it's actually more correct
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00:06:45Now, as you can see, only for 382,
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00:06:48The market has also reversed this retracement and reverse you to hit the previous support level
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00:06:53Let's go to the next risk assessment level 50
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00:06:56We can see that the market has also reversed undeveloped 50 and then went down to 3826%
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00:07:04and see 618
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00:07:06The market has made that fake break out and then indeed reverse, not only reversed, but as I just explained to the market, could not actually break out from that resistance translate in and could not change
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00:07:16the direction of the trend there for the reversal from 618
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00:07:21was much stronger
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00:07:21And the market has fallen down all the way, nearly two feet Wenatchee Endeavor 0
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00:07:26Now, that is the thing here to bonaci retracement can never be trusted bluntly, okay? That we have to clear and make it obvious
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00:07:33Now, as we can see, guys, we had this level of Fibonacci retracement number 50, But we cannot just answer it
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00:07:40The blindly, we need to look at the lift just to confirm if there was indeed a sort of support the resistance that we can rely on
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00:07:46So if I draw my support line manually here, it makes sense that I can actually play as a threat here
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00:07:52A place to place a sell order since this support level is going to be the new resistance
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00:07:57Now, the interesting thing here, let's pay attention to what happened at 618
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00:08:02even
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00:08:03So 618
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00:08:04is the strongest level of Fibonacci, please pay attention
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00:08:07Look at that
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00:08:09The lift, what do you see? We see that this level of Fibonacci 618
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00:08:14is indeed a strong, right? But let's see
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00:08:16Where did the reversal happen exactly as it happened, right on
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00:08:20That previous resistance level
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00:08:21Meaning, the strongest thing you can trust is the drawing of Fibonacci
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00:08:25Sorry drumming support and resistance manually, but if you want to confirm it you can actually use Fibonacci
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00:08:31Now, we know that this Zone here of the resistance is fibonacci's 6 to 18
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00:08:36right now
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00:08:37However, if I wanted to place my Read here
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00:08:39Why would I want to place any thread here? Looking at the Lyft? I don't see any previous resistance
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00:08:45Look at that
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00:08:46It's empty
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00:08:47It's just a space here
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00:08:48The red resistance is lagging
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00:08:50Exactly right here because we see there was here a long week at the top of the canyon so it doesn't really make sense to open anything right on this level because I just told you we
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00:09:01never thread on Fibonacci blood, we need to look at the left just to confirm where exactly is the support and the resistance that I'm going to rely on and then open the thread and that is
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00:09:10exactly what happened right here
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00:09:12So what I'm trying to explain to you hear that to bonaci 618
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00:09:16is not actually a level, it's actually a Zone
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00:09:19It's a zone of where the market is going to reverse indeed
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00:09:22So you can never say that the Fibonacci retracement level is just a just a line that the market is going to respect the whole time
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00:09:29It's actually a zone of support or resistance that we need to rely on and our trades
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00:09:34So, let me just delete all these lines and let me just now go to the more interesting part
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00:09:39No, the question is
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00:09:40Showed it restaurant are they permanent level
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00:09:43A permanent levels are temporary levels
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00:09:45For those who don't agree with the way, we draw Fibonacci retracement
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00:09:47Let me explain to you what I'm talking about
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00:09:50Let me just make sure that I'm okay
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00:09:52That the year seems good
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00:09:53I just need a neutral Market just to show you that what I'm going to explain right now
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00:09:59It's correct
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00:10:00Alright, so that makes sense
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00:10:01Let me just show you here
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00:10:03Let me just delete all these extra lines so we can begin
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00:10:06All right
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00:10:07Oh okay, oh okay, now I don't know where I am
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00:10:10Hold on
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00:10:12Okay so let me do something right now
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00:10:14Let me draw a Fibonacci
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00:10:15Retracement from this higher hide of this lower
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00:10:18Hi
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00:10:18Okay, I'll so sorry
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00:10:20Hello
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00:10:20Now what do we see here? As I said, we can see that the market still respecting people not 250 in Reverse, not going to say the others here
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00:10:29It says, we throw the Fibonacci from this height of the slow meeting
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00:10:33We need to look right here so we can see that the market has reverse from 382
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00:10:36in theater
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00:10:37And then reverse again on 236
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00:10:40on that previous support level, just what I have explained to you, that support level give the position as a support
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00:10:46The market has reverse indeed on 618
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00:10:49and went all the way down to 382
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00:10:51And looking by the Naked Eyes, we can see that we had here at resistance level, which was the previous support
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00:10:57And therefore, the market has reversed
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00:10:59Then the market went down to the previous resistance, level right here
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00:11:02Now, now, that is not the point
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00:11:04The point is, are these levels permanent or not? Let's go more to the right level just to see what happened
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00:11:11Look at that, as I told you, the market here is breaking out from 618
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00:11:16Meaning the downtrend is no longer a downtrend
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00:11:18Now, the market has actually breaking out from 618
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00:11:22right now, it's no longer a downtrend
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00:11:25It's now an uptrend and look what happened
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00:11:27Right here, amazing
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00:11:29The market again, as I told you has visited 618
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00:11:32now that broke and resistance level of 618
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00:11:36Let me just get rid
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00:11:37Of all the mess here that broken resistance level here after the breakout from 618
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00:11:43has become the new support
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00:11:44Interesting
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00:11:45Let's dig it more
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00:11:47Let's continue going more to the right, check it out
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00:11:502362
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00:11:51is still being respected, amazing, continue digging a 386,
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00:11:56still being respected, a 618
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00:12:00Again, still being respect, and not only that, even after the bullish, breakout candle from 618
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00:12:06again, that's previous support level has kept his position as a support
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00:12:10Very interesting
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00:12:12All right, let's continue check it out
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00:12:14There's a very same level, the very same level of the previous support
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00:12:18Level has also become a new resistance, not only that, it also keep the exact same level as the resistance later on with the second attempt
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00:12:26Isn't that amazing? Let me throw something here
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00:12:29But since we need to go more to the left
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00:12:31Now, as you can see, this blue line here is going to guide me
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00:12:35Where is 618
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00:12:36still going on
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00:12:37Let's continue going
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00:12:39So the blue line here, guys is Fibonacci 618
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00:12:42from that one trend line I have drawn
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00:12:45So I'm just going more in the future and see what happens later on in the market, okay? But seems the market did not reach that level yet, so we need to cancel that go back to
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00:12:55the Daily candles and just delete that
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00:12:57So, the point I'm trying to explain to you here is feeble naturally thrust
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00:13:01Mid levels are actually permanent levels and if you see any level of Fibonacci, 618
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00:13:07is going to be a feeble, not to 6184
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00:13:10forever
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00:13:10I mean, that's the reason drawing the supernatural Investments is actually correct
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00:13:15No matter how you drop it, these levels are actually strong
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00:13:18Always, I'm just trying to find a neutral markets where I can show you
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00:13:23I'll let me just see what I can do
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00:13:25We have a lot of lions here on the Euro USD
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00:13:27Let me get through all of them and let's see what I can do
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00:13:30If I draw my Fibonacci retracement from this resistance to that support level, and just do like that like that, so we can See guys that in June 2004
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00:13:40And remember, I'm on the daily chart that resistance level has the respect that Fibonacci 618
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00:13:46and reverse
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00:13:47This is 618,
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00:13:49by the way, I think it's not clear on the video
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00:13:51Let me just collect that
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00:13:53Yes
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00:13:53Now, we can see that clearly, this resistance is on Fibonacci 618
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00:13:58Now let's check what happened to data after 1 year in September 2005
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00:14:03We can see that the very same level of the resistance on 618
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00:14:07is still being respected is 618
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00:14:09Not only that the year
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00:14:11After again, June 2006, the very similar level of that resistance level is still being respected on the 618
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00:14:19And the still delivered 618
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00:14:21is very strong in the market
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00:14:23Not able to break out of that level
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00:14:24Even later two years later guys, we can see that 618
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00:14:28is still very strong in the market
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00:14:30Couldn't actually break out of it
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00:14:31Remember that I had just dropped randomly from that point here, to this slow, here from the side to the slow randomly
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00:14:37That's Amazing
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00:14:38Let's continue
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00:14:39Look at that
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00:14:40The market is still respecting a 618
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00:14:43and remember
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00:14:44Again, I am on the daily chart
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00:14:46Now what happened after the break out from that 618
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00:14:50again 618,
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00:14:52which was a previous support right now is the resistance
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00:14:55And as you can see, the more you dig in it, the more you see it
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00:15:01Look at that 618
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00:15:02is still being respected and remember that I just have drawn the people naturally at the restaurant randomly from that high up to the slow
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00:15:10Now why I'm saying all of that? What I'm trying to explain here is no matter how you draw people in Mastery level
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00:15:15The level of 618
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00:15:18is going to be always very strong and there is another reason the Fibonacci 6 to 18
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00:15:24is always going to be the real fast after a breakout, no matter what you do, no matter how you throw up, not shift from any High to do any low
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00:15:31If people would, actually 618
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00:15:33is always going to be the real test of a broken support and resistance allow me to show you
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00:15:38For example, I'm just selecting randomly to drop him and not you from this high here to this low here, please check it out, always
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00:15:46As I'm telling you to bonaci 618
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00:15:49is always the retest of a broken support
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00:15:50I'll let me just throw some there with someone else
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00:15:54Any Market randomly
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00:15:56As you can see I'm just going to select any Market randomly that just like that
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00:16:00I don't remember, I am on the 15-minute time frame by the way
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00:16:04So let me throw a Fibonacci from this high to this low
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00:16:07And as you can see, as I just told you 618
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00:16:11is always the retest of a break and Market, you can throw Fibonacci in the other way
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00:16:16By the way, if the trend is going in the, this is downtrend, if it's going upward like that, it's out if it's an uptrend like that, you can throw your money on
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00:16:24You like this and please pay attention
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00:16:25Of 618
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00:16:27is again, the retest of the broken
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00:16:29The resistance Isn't that cool that you know, more now about 618
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00:16:34level and how it works, and why it's really one of the best levels to place your trade is because that the market is always going to retest the, the market is going to retest the broken
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00:16:42support or resistance always on 618
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00:16:45And since we are aiming, the first attempt, that means that the market must likely is going to indeed reverse 618
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00:16:53Now, let's go to the strategy itself
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00:16:55Why are what strategy I'm aiming right now? Of course, after all of that explanation
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00:17:01That is the reason we want to actually start to, trust Fibonacci 618
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00:17:05on, on the 15-minute time frame
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00:17:07Now to understand the strategy, we need to know how we should drop him a Nazi retracements
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00:17:12Now, some Traders, actually the beginners
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00:17:14This is, by the way, one of the mistakes are one of the things I really needed time to understand in Forex is how to draw people naturally at restaurant
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00:17:21I should I draw it from the absolute highest high in the chart, to the lowest low in the chart, like that is it, this is it, is this the right way? This is how we drove
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00:17:30it
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00:17:30When natural retracements or maybe I can throw it just from this hot here to this low here
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00:17:35So why this High here, why could it be this High here? Why couldn't why couldn't it be this High? Hear? What makes that? I think the draw of the Fibonacci is from the side here
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00:17:45Not this
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00:17:45Not this High here here to save your time, Fibonacci is correct, no matter how you draw it, as long as you drive from hire from a high to low Fibonacci is correct
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00:17:55No matter
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00:17:55If you draw it from any hi to any lower or from any low to another high, that is just a samurai And just to save your time from a lot of searching
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00:18:03Let me go, let me go deeper right now
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00:18:06Let's go to the one minute time frame
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00:18:08Okay, so let's just go to the woman at time frame and I'm going to zoom in to the heart of the scandals
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00:18:13Remember guys, I am on the one minute time frame
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00:18:16Okay
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00:18:17So you can imagine that these are that's the tiniest scandals of the of the of the 15-minute time frame
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00:18:23What you're seeing right here
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00:18:25Could be like just two or three candles of the 15-minute time frame, okay
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00:18:29Let me throw a super naturally, Trestman
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00:18:32Just make it as simple as that
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00:18:33From this side here, do the slow here, but can you imagine how tiny is that in the market? I will show you
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00:18:39Look at the 4-Hour chart
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00:18:41Look at that we are here
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00:18:42It's like the universe and we are in the earth
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00:18:45Okay
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00:18:46Let me go back to the one minute time frame and I really okay
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00:18:49Let's see
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00:18:50OK, Google
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00:18:51Look at that
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00:18:52I have drawn Fibonacci retracements on these, very tiny small candles on the women time frame, but the market is still respecting, these liver is as long as asthma
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00:19:01They are please pay attention
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00:19:02I have drawn Fibonacci from this tiny High here to this tiny low here
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00:19:06And what's happened later the market is actually reversing at 382,
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00:19:11still reversing again on level 50 and went down all the way
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00:19:14Nearly 2017 Market has reached 618
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00:19:18again It reversed and we can see that Faker break out on the market, won't keep coming down and reverse again on 326
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00:19:26Look at that, check it out
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00:19:28Remember I just dropped Fibonacci, actually on that very tiny small candle
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00:19:33Look at that the market is still respecting these livers and reversing best on them
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00:19:38Look at that
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00:19:39What's 618
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00:19:41has been breaking out as we can see, the market has broken out from 618
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00:19:45And right now, 618
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00:19:47has become the new resistance and the market just went kept going up
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00:19:51Again, not only that, but we can see that as I told you after the breakout from 618,
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00:19:56The market is going to retest the same level
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00:19:59Look at that
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00:20:00Fantastic
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00:20:01I mean, that is really, that's amazing
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00:20:03Even on the woman at candles, you can see, this is happening 618
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00:20:08Now being requested at the market is, again, reversing here
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00:20:11So, the previous resistance has become now support
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00:20:15That means, feeble, not she is correct, no matter how you drove it
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00:20:19You would just need to understand that you should go with the flow, go with the market and go with the direction of the market
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00:20:25That is how you can use the strategy
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00:20:27So for example, let's go to the, the pound us
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00:20:30Now, let's see how we can apply the strategy
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00:20:33Now, you can see as I told you, you need to go with the flow, right? So the trend right now is going up
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00:20:39As you can see, the pound USD on 15-minute time frame is heading up
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00:20:43So what you can do is drawing the Fibonacci retracement
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00:20:46As I told you to bonaci is correct, as long as you're drawing from low to a higher from a high to a low
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00:20:51So I just wanted to show more example just to make this clear guys, because this is Important
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00:20:57She will naturally thrust meant is correct
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00:21:00If you drive from this high to this low, we are still going to witness a reversal and 618
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00:21:06Now, of course, again I need to remind you that you can never do that
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00:21:09Blindly you need to look at the left to confirm that indeed
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00:21:13There is a resistance before you can trust the reversal to happen on 618
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00:21:17Now, let's continue, let me drop it
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00:21:19When actually down in the other way, our draw Fibonacci from this low here to this high and what's happening as I told you the market has again, reversed on 236
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00:21:29and still going up
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00:21:30So it's respecting that level
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00:21:32Now, let's change the way to drop it
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00:21:33When let me draw Fibonacci from this high here to this low here, cuz we can see the market has immediately broken out from the level of 6 to 18,
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00:21:41as I told you
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00:21:42And look at that 618,
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00:21:45618
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00:21:46has become now that you support
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00:21:47Now the broken the broken out of the level since the market is breaking out immediately from 6 to 18,
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00:21:53that means this trend here is no longer going down in the mark
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00:21:56Is not going to continue Rising more
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00:21:58So that is example that drone Fibonacci
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00:22:01And anyways, going to actually work
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00:22:03Now let me show you an example
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00:22:04Can I draw a Fibonacci from this low here to this High here? Of course I can, of course I can
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00:22:11Yes, why not? Look at that
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00:22:12We can see that the market has indeed reverse later on 618
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00:22:17Now, the problem is that is the first attempted, it already occurred, it already happened
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00:22:22Therefore, I cannot place the threat right now because we already biologic, we already have two attempts on 618
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00:22:29That is what I'm trying to explain to you guys that we always need to be logic in our trades
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00:22:34So we don't read it bluntly
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00:22:35We need to also follow the rules that we all need to read the first or second attempt on any threat
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00:22:41Since we already have support number one and two therefore of this thread is no longer good
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00:22:46In most likely the market is going to continue falling down now where I can expect to open another thread interesting
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00:22:52Now, let's continue this feeble natural investment
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00:22:55I have drawn the Monache from this low here to this High here
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00:22:59Let's change that
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00:23:00I'm going to drag this Fibonacci retracement and I'm going to expand that more to draw the liver from that low here
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00:23:06So now the drama of Fibonacci has been changed from this low here to this High here
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00:23:10Now, that means that my next good opportunity opportunity to open any trade is going to be on 618
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00:23:16618
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00:23:17right here
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00:23:18And we can see that is I told you 618,
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00:23:21always meaning, the retest of any broken support and resistance there for this is right here, where I can actually play a small trade because that is the broken resistance and the market, most likely is going
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00:23:32to go to retest the broken resistance and then going to continue going more up there for my next
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00:23:38Good opportunity to enter any threat
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00:23:40Is going to be on 618
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00:23:41Let's try to find anything valid right now, so I can enter the front of you
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00:23:46I just want to find any good set up, even as Tiny as it is
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00:23:50Just let me go to the 5 minute time frame
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00:23:52Let's try to find any potential
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00:23:55Let me just show you that That will be amazing, guys, pay attention
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00:24:00Look what I'm going to do right now
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00:24:01I'm going to throw a Fibonacci from this high here to this low here and open to trades
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00:24:06Please don't do that
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00:24:07I'm not telling you it's going to work
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00:24:09I just wanted to show you the power of 618
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00:24:12that it works, no matter how we draw a Fibonacci 6189
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00:24:17Most likely the market eventually going to break out on deliver
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00:24:20However, I'm just expecting to see a small rivers said right here, and the market might actually go down to retest it broken support level
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00:24:27I just wanted to confirm, you confirm to you
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00:24:30That's the power of the strategy
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00:24:32There is a high chance that the market once Reverse by the way, look at the market has reversed
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00:24:37Check it out
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00:24:38Yes, indeed
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00:24:39I'll remember I'm on the 5 minute
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00:24:41Time frame, guys
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00:24:42So what I'm trying to explain here is we are having hear the previous support level
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00:24:47And most likely the market is going to actually retest a proctor support level that support level is going to be remaining as a support
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00:24:55If this Counter close as a Polish Scandal
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00:24:57Yes it did
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00:24:58The market, look at that and you five minute candle has just opened and please pay attention
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00:25:03Yes, there is a red candle right now has appeared in that support
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00:25:07As I told you is going to be a support level
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00:25:09Meaning 618
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00:25:11has again being respected
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00:25:13That's very interesting
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00:25:15Right? That's that's, that's amazing
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00:25:17That's really amazing
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00:25:19So what I'm trying to explain here is that we will not she is always correct
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00:25:23No matter how you drove it
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00:25:25These levers are going to be always respected the since I am on the 5 minute time frame, let me go to the woman time frame and look at that
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00:25:32We can see that the market has reversed indeed on 618
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00:25:37and went all the way down in Reverse again, on 236
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00:25:40Look at that
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00:25:41The market is still not able to break out from 618
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00:25:45years and what I'm expecting is from the market is to go down here so that's once it support level
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00:25:51Yes
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00:25:51Look at that
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00:25:52It's happening
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00:25:53Right
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00:25:53In front of you
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00:25:54Okay, let me just be clear that I'm not suggesting you to open a threat like that on this tiny tiny timeframe I'm just explaining to you that it is
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00:26:02Working on all time frames no matter how we draw Fibonacci, it's always going to be valid
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00:26:07Let me just canceled the trade
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00:26:09So now that means this, let me go back to the 15-minute time frame and it means right now that you can throw Fibonacci retracement at any point from any hi, to any other low
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00:26:20So let me just now go to through some examples to show you how we can prepare for the setups
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00:26:25Now, what we can see right now on the pound out on 15-minute time frame, the market has reverse from the support level, all right
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00:26:33Like that, let me just clear like that
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00:26:35So what you can do to prepare for the next trade you can draw Fibonacci from that high here to this low right here and we can prepare to enter another thread on 618
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00:26:44or 50
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00:26:45By the way, as long as you are seeing a fair set up
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00:26:48Now the vet set up right here and pay attention
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00:26:51Guys, as I told you 618
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00:26:53is always going to be the retest of a broken support and resistance
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00:26:56As we can see what having right here to the broken, the resistance level and that is indeed the breakout candle
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00:27:01Therefore, we can wait for the market to reach to reach that level 6
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00:27:06218,
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00:27:06and then place a sell order right here on the market
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00:27:09Hopefully, going to reverse these examples
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00:27:11I'm showing you right now is to show you how you can prepare for the setups what you can do to prepare for the 2W, how to open the trades
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00:27:18I'm just trying to find something very quickly
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00:27:21Look at that
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00:27:22Let me try hear my luck
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00:27:24I'm going to draw Fibonacci retracement from this low here to this hot here
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00:27:28As you can see, it is still valid because we can see that we have here is support level on the market has also here to support
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00:27:35And the market, most likely going to respect 618
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00:27:39there for that
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00:27:40Support is can remain as a support now actually
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00:27:43I just need some time
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00:27:44Maybe just to open another Just to show you that this is actually a bed set up
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00:27:48However, it might take long time since we're in the 15-minute time frame and I really don't want to spend so much time in this video, it's already 32 minutes that might be a lot actually, for
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00:28:00some followers
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00:28:01So let me show you aware
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00:28:03We can start getting prepared for another set up
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00:28:05So let me just show you here example
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00:28:08We are having the aod cat and I'm going to draw a Fibonacci retracement from this location to the side here
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00:28:13Now, as you can see, we are having 618,
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00:28:17but the problem we already have so many attempts in the past on that level, that means entering a Fibonacci or entering a buy order
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00:28:23Right here
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00:28:24Might not be a good idea
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00:28:24So we need to actually avoid this living
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00:28:28Let me know chance drunk, she will not Shuffle
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00:28:31This is high here
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00:28:32Sorry, from this low here to the side here
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00:28:34Now that actually makes more sense
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00:28:36We are having right here at previous resistance level which has become a support with 1 attend there for placing another order
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00:28:43Here is not going to be a bad idea
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00:28:45We can always trust opening another thread right here
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00:28:49Now, the thing is now, you might tell me about seller, that is deceiving because when you draw the liver right here from this low here, that was living 50
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00:28:57But when you change it to from this level, now it has become 618
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00:29:01So is it 618
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00:29:03or 50? Now, we are confused seller, which one is correct? Actually, both of them
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00:29:09Correct
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00:29:10As I told you, my friends are Fibonacci retracement, is more complicated than that
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00:29:15But as long as you're drawing drunk from any loads of another high for this low, and high here, that is considered, as a, as a section or a trend
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00:29:22That means for this section here, for this part here, for this chapter, here, this level is considered now a 618
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00:29:29If you drop it
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00:29:30When actually, from this, from this low here to this, I hear we can see that we have here, also a reversal
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00:29:36So in this chapter, or the section from this low here, to this hot here, 618
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00:29:41is considered right here as we can see
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00:29:43The market has indeed reverse from that low
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00:29:45Go to that high here
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00:29:46So that's the power of Fibonacci
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00:29:48That's how we can rely on it
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00:29:50As I told you, you can play it yourself
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00:29:52You can just try drawing it and test it by yourself
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00:29:55So that is the strategy
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00:29:57That is what I'm doing
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00:29:58Always on the 5th
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00:30:01Define these strong setups
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00:30:02And of course, as you might already know, when you open a trade, when you open a thread, for example, let's say, let's say, you have open to trade on the level 236,
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00:30:12right? Usually, you can sit your Tech profit level to be on the next retracement
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00:30:16However, that is still up to you where to, to decide your Tech profit level
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00:30:21I have explained to you, how to understand shipping, actually, and how it's moving
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00:30:25So, for example, for example, if I have drawn like that, and I decided that I want to enter with the by order like that
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00:30:32So I wanted to place a buy order right here, that was the rules are exactly same of 20 Pips a day and hit and run
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00:30:39If I place my trade right here on that previous resistance, I can exit my trade at the nearest resistance also, which is the next Fibonacci retracement
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00:30:47And you can set the stop-loss to be exactly the same
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00:30:50If you want to use a stop loss, which is up to you, you can just sit the exactly same amount of FIP use for the tech
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00:30:57Profit is your stop, Los Tres Magueyes you can use this
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00:31:00Strategy and you will be surprised by the winning ratio
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00:31:03You are going to have, and I'm really interested to hear from you, your review and experience with this strategy, please prepare for it
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00:31:10I please watch this video, because we're going to rely on it, on the upcoming days, using the life-threatening with Fibonacci retracements
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00:31:16So until then, I really hope this video was very informative to you
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00:31:21And I really hope that you have learned more about how to use feeble natural replacement in y, 618
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00:31:27is the most trusted
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00:31:27Level in Fibonacci levels in the end
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00:31:30I hope that was informative to you and I would like to thank you for watching