Dynamic Price Zones

Look at this example on the GBPJPY from the 20th June to market close today, 1 Hour Data.

1. Fib the previous days high to low range.

External dynamic price zones are marked at the :-

1.27 to 1.34 + 1.55 to 1.61
-.27 to -.34 + -.55 to -.61 Extensions

Look how price has respected these zones for the best part of the trading week, lots of opportunity to trade and make some serious money here. Combine this with your other trading signals and you have some very powerful levels to project.

Try these Fibonacci levels for yourself and apply them to :-

• Any Time Frame

• Any Market

Also more often that not, price tends to reverse around these dynamic fib zones, Interesting Results!