Reply To: Dummy Trade & Battle Plan practice AUDUSD 9 JUl


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#1435
John Murphy
Participant

Dave,

I see that you have gone back to April this year. I’d suggest you go back further in time as I believe there are a couple of major trendlines to plot for this pair. Also, as the trend is down you should be looking to join highs rather than lows. Your Fibonacci seems to be using the trendline to measure from, I’m not sure you can do that. The yellow is very difficult to read against the pink but I’d suggest the 0 on the fib should be at the bottom of the larger green candle.

Did you plot Support and Resistance to see where targets might be?

Regards

John