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    Eurjpy Psyhcology Trade Calculator

    Uploaded by

    Gm Fairuz Shah
    This document provides a 6-step process for trading the EUR/JPY currency pair using Fibonacci levels and price action. It involves determining the high and low prices from the previous day, setting Fibonacci retracement levels based on the high-low range, watching for a break above or below the 50% Fibonacci level on the current day, and entering buy or sell positions when the predetermined breakout prices are reached. Take profits are targeted at the 100% Fibonacci retracement level. The strategy is not recommended for early or late in the year.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Eurjpy Psyhcology Trade Calculator

    Uploaded by

    Gm Fairuz Shah
    19 views2 pages
    This document provides a 6-step process for trading the EUR/JPY currency pair using Fibonacci levels and price action. It involves determining the high and low prices from the previous day, setting Fibonacci retracement levels based on the high-low range, watching for a break above or below the 50% Fibonacci level on the current day, and entering buy or sell positions when the predetermined breakout prices are reached. Take profits are targeted at the 100% Fibonacci retracement level. The strategy is not recommended for early or late in the year.

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    eurjpy-psyhcology-trade-calculator

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    This document provides a 6-step process for trading the EUR/JPY currency pair using Fibonacci levels and price action. It involves determining the high and low prices from the previous day, setting Fibonacci retracement levels based on the high-low range, watching for a break above or below the 50% Fibonacci level on the current day, and entering buy or sell positions when the predetermined breakout prices are reached. Take profits are targeted at the 100% Fibonacci retracement level. The strategy is not recommended for early or late in the year.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    19 views2 pages

    Eurjpy Psyhcology Trade Calculator

    Uploaded by

    Gm Fairuz Shah
    This document provides a 6-step process for trading the EUR/JPY currency pair using Fibonacci levels and price action. It involves determining the high and low prices from the previous day, setting Fibonacci retracement levels based on the high-low range, watching for a break above or below the 50% Fibonacci level on the current day, and entering buy or sell positions when the predetermined breakout prices are reached. Take profits are targeted at the 100% Fibonacci retracement level. The strategy is not recommended for early or late in the year.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 2

    DISCLAIMER: CREDIT TO DINA (MD)

    PSYCHOLOGY TRADE YEN FOR EUR/JPY ONLY


    NOT SUITABLE TO TRADE ON EARLY & END YEAR
    STEP 1: DETEMINE HIGH & LOW PRICE CANDLE YESTERDAY
    HIGH PRICE CANDLE : 120.91500 only key in inside
    yellow boxes
    LOW PRICE CANDLE : 120.47400
    DIFFERENCE 0.44100
    STEP 2: DIFFERENCE PRICE DIVIDE BY 4
    DIVIDE BY 4: 0.11025
    STEP 3: SETUP FIBO FROM HIGH TO LOW CANDLE
    SETUP FIBO HIGH TO LOW CANDLE YESTERDAY
    STEP 4: CHECK OPEN MARKET CANDLE (CURRENT DAY) TO DETERMINE EITHER ABOVE,EQUAL OR BELOW LEV
    CHECK OPEN MARKET CANDLE
    ABOVE FIBO LEVEL > 50 120.80475
    LEVEL FIBO = 50 120.69450
    BELOW LEVEL FIBO < 50 120.58425
    STEP 5: CHECK PIPS RANGE DAILY EITHER MORE THAN 100 PIPS OR BELOW THAN 100 PIPS
    CHECK RANGE PIPS DAILY YESTERDAY
    IF < 100 PIPS IF > 100 PIPS
    BUY ( +0.1) BUY (+0.2)
    ABOVE FIBO LEVEL > 50 120.90475 ABOVE FIBO LEVEL > 50
    LEVEL FIBO 50 120.79450 LEVEL FIBO 50
    BELOW LEVEL FIBO < 50 120.68425 BELOW LEVEL FIBO < 50
    SELL (-0.1) SELL (+0.2)
    ABOVE FIBO LEVEL > 50 120.70475 ABOVE FIBO LEVEL > 50
    LEVEL FIBO 50 120.59450 LEVEL FIBO 50
    BELOW LEVEL FIBO < 50 120.48425 BELOW LEVEL FIBO < 50
    STEP 6: WAIT FOR BREAKOUT BUY/SELL AT PREDETERMINED PRICE
    WAIT FOR THIS PRICE BREAKOUT @ TF H1
    IF < 100 PIPS
    BUY @ BREAKOUT 120.90475
    ABOVE FIBO LEVEL > 50
    SELL @ BREAKOUT 120.70475

    BUY @ BREAKOUT 120.79450


    LEVEL FIBO 50
    SELL @ BREAKOUT 120.59450

    BUY @ BREAKOUT 120.68425


    BELOW LEVEL FIBO < 50
    SELL @ BREAKOUT 120.48425

    *TAKE PROFIT @ LEVEL 100 FIBO


    *IF FLOATING, MAY LAYER AT LEVEL FIBO
    HER ABOVE,EQUAL OR BELOW LEVEL 50 FIBONACCI

    THAN 100 PIPS

    IF > 100 PIPS


    BUY (+0.2)
    121.00475
    120.89450
    120.78425
    SELL (+0.2)
    120.60475
    120.49450
    120.38425

    ICE BREAKOUT @ TF H1
    IF > 100 PIPS
    BUY @ BREAKOUT 121.00475
    ABOVE FIBO LEVEL > 50
    SELL @ BREAKOUT 120.60475

    BUY @ BREAKOUT 120.89450


    LEVEL FIBO 50
    SELL @ BREAKOUT 120.49450

    BUY @ BREAKOUT 120.78425


    BELOW LEVEL FIBO < 50
    SELL @ BREAKOUT 120.38425

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