In this trading strategy video presented by Nathan Bray from ACY Securities, introduces Strategy Number Two: the Simple FIB. This strategy is tailored for intraday traders seeking to align their trades with the longer-term trend using Fibonacci retracement levels. Nathan emphasises the simplicity of the approach, highlighting how traders can identify entry and exit points with ease using the Fibonacci tool. Through a step-by-step demonstration on the hourly chart, Nathan illustrates how traders can capitalize on pullbacks within the trend by targeting specific Fibonacci retracement levels for both buying and selling opportunities.
Throughout the video, Nathan emphasises risk management and the importance of trading in line with the prevailing trend. He breaks down the process of identifying trade setups, setting stop-loss levels, and targeting profit levels using Fibonacci extensions. Nathan's clear explanations and practical examples provide viewers with a comprehensive understanding of how to implement the Simple FIB strategy effectively in their trading endeavours, making it accessible for traders of varying experience levels.
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Editors’ Picks
EUR/USD trims losses and returns to the 1.1750 area
The US Dollar resumed its decline in the American afternoon, helping EUR/USD trim early losses. The pair trades around 1.1750 as market participants gear up for the European Central Bank monetary policy decision and the United States Consumer Price Index.
GBP/USD flirts with 1.3400 after nearing 1.3300
The GBP/USD changed course after dipping with UK inflation data, and trades near the 1.3400 mark, as investors expect the Bank of England to deliver a 25 basis points interest rate cut after the two-day meeting on Thursday.
USD/JPY climbs above 155.50 as traders await US CPI release
The USD/JPY pair rises to around 155.60 during the early Asian session on Thursday. The US Dollar edges higher against the Japanese Yen on the cautious comments from Federal Reserve Governor Christopher Waller. Traders will keep an eye on the US Consumer Price Index inflation data for November, which will be released later on Thursday.
Editors’ Picks
AUD/USD slides to two-week low, below 0.6600 as traders await US CPI
The AUD/USD drops to a two-week low during the Asian session on Thursday amid a weaker risk tone, which benefits the safe-haven US Dollar and weighs on the Aussie for the sixth consecutive day. Apart from this, China's economic woes further undermine the Australian Dollar, though the RBA's hawkish stance could limit losses. Furthermore, bets for more rate cuts by the Fed might cap the USD and lend support to the currency pair ahead of the US inflation figures later today.
USD/JPY climbs above 155.50 as traders await US CPI release
The USD/JPY pair rises to around 155.60 during the early Asian session on Thursday. The US Dollar edges higher against the Japanese Yen on the cautious comments from Federal Reserve Governor Christopher Waller. Traders will keep an eye on the US Consumer Price Index inflation data for November, which will be released later on Thursday.
Gold flirts with weekly range hurdle; looks to US CPI for fresh impetus
Gold is seen consolidating near the top end of the weekly range, below the $4,350 level, during the Asian session on Thursday. The US Dollar preserves the overnight recovery gains and caps the bullion, though a weaker risk tone and dovish Fed bets act as a tailwind for the non-yielding yellow metal. Traders now look to the US consumer inflation figures for cues about the Fed's rate-cut path in 2026 before placing fresh directional bets around the XAU/USD pair.
Bitcoin risks deeper correction as ETF outflows mount, derivative traders stay on the sidelines
Bitcoin (BTC) remains under pressure, trading below $87,000 on Wednesday, nearing a key support level. A decisive daily close below this zone could open the door to a deeper correction.
Monetary policy: Three central banks, three decisions, the same caution
While the Fed eased its monetary policy on 10 December for the third consecutive FOMC meeting, without making any guarantees about future action, the BoE, the ECB and the BoJ are holding their respective meetings this week.
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