Daily Fibonacci Pivot Forex Trading Strategy 🌀

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Fibonacci and Pivots Confluence trade. http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! This strategy is based on a confluence between daily Pivots and Fibonacci retracement levels.

We are looking at a 15 minute chart (although you could probably also use a different timeframe) but what’s important is that we’re looking at the bigger picture here based on prior day’s action. This is a day trading strategy, not so much a scalping strategy. The setup is suitable to grab those secondary moves in the day or primary moves in the day. Let’s see how this works and how it could fit with your own strategy and whole trading outlook. This is one you could end up getting on a multi-day move or you just take what it gives you in the day – your choice.

The rules used in Fibonacci Pivot Strategy

So fx markets; EUR/USD, GBP/USD, USD/JPY, USD/CAD…etc (the majors). What are the rules? We have a EUR/USD 15 minute chart and i have put standard pivot points on. The idea of this is that everyday you are looking at where the pivot is. If price is trading below the pivot point of the prior day we are going to draw a fibonacci retracement going from the high to the low. We are waiting for a retracement back to the pivot when there is a confluence. I would go one step further like looking for a bearish engulfing chart pattern or spinning top pattern.

Related Videos
Pivot Points: What They Are and How to Trade Them Part 1 📈
https://www.youtube.com/watch?v=iXih8NG6Szo
Pivot Points Strategies and Setups Part 2
https://www.youtube.com/watch?v=M4FL_n5U_0k
15 Minute MACD and Pivot Point Trade Setup
https://www.youtube.com/watch?v=5xwa0CY9pdk
4 Hour Pivot Point Strategy
https://www.youtube.com/watch?v=QXfSEn_V-xk
Forex Trading: Fibonacci Retracement Techniques 👍
https://www.youtube.com/watch?v=sIJbduH49Zg

Comments

Miguel Vlogs says:

Does anyone have the Fibonacci Pivots script for ThinkOrSwim ?

Matt Dathew says:

thanks, it's an interesting strategy am def gonna try out

Trader Man says:

TIP OF THE DAY

IF YOU TRY TO CATCH EVERY MOVE ON THE MARKET, YOU WILL LOSE, YOU SHOULD BE SELECTIVE.

Katsumi Achi says:

Wow! Wow! Applying the Fibonacci retracement for the upward swing of 2018.10.25's SP500, the daily pivot of 2018.10.26's is almost EXACT the 50% retracement!

Simple Mind says:

And has a greater significance on the higher tf

Thomas Immler says:

cool interessant

Noorul says:

Does this have to be a trending market?

Rowland Turner says:

I tested that, although too late to trade it, I could see it hit those fib levels and drop. Brill advice

Peter says:

Hi I was wondering if you could help me or direct me to a video of yours that discusses the best trading platforms for UK traders just starting out with only around £1000, I've been looking at tradezero personally. And also how things with with the UK tax office when it comes to day/short term swing trading. Thanks for these videos!

abhishek shah says:

Did you prefer Fibonacci Pivots against the Normal Pivots ?

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