Exiting winning trades

[John Steedman]

Hi,

EURGBP – Sell bias, major trend.
Counter trend weak buy, target 0.72407.

EURUSD – Sell bias.
Weak buy, resistance target 1.1397.

EURUSD – 50% Fibo retracement target at 1.1604.
Confluence with last high.

GBPUSD – 166.8% Fibo extension target at 1.53102.
Confluence with previous high.

GBPUSD – Sell bias (DOR).
Gann -75 target at 1.52574.
Confluence with resistance level.

Cheers,

John.

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[Rich Fitton]

Hi John, target work looking good… you could have your fib retracement on EURUSD measuring down to the extreme low of the move, maybe pull the target price down to the 38.2% level which would tie in with that bit of resistance under the green candle body low?

[John Thurlbeck]

Hi Rich and fellow students,
Attached 5 various charts Showing trendlines, support and resistance fib retracements, extensions and Gann eights as profit targets.

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[John Thurlbeck]

Hi Rich
Another chart attached showing various confluence points on the AUDUSD 1 Hour chart. The fib retracement and extension worked well touching various fib numbers to the tick.

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[Rich Fitton]

Hi John, great stuff! You’ve been busy spotting those exit levels 🙂

Just one thing… can you check the prices on your Gann eighths on the GBPUSD chart. They seem too tightly spaced?

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