Ask the longs at 1.0335 because they will tell you the trend is still in tact – if you believe in FIBS and the 38% rule.

As it goes that rather famous Italian bloke was rather clever. I like FIBS because they work for me. Not all the time but as a trader you should remember this:

All of it works some of the time

Enough of that let’s get down to business.

Where am i bid ?  1.1710 and more at 1.1660 Where am i wrong ? 1.1640

Here’s my chart:

Patrick Reid

Patrick Reid

Swapped the TV screens for the trading screens.
Philosophy: "Define your risk, only then can you ignore it"

Read how Patrick got into trading here
Patrick Reid

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