Inside technicals and chart patterns by 
My notes are right on the charts as I look to use Fibonacci as one way of identifying the near term high on the intraday EUR/USD.
Notice that I am looking at overlapping other price tools like psychological levels to help identify the most likely turning point.
dear raghee,
thanks for updates
Dear Raghee
What is your opinion about EURUSD shorting at 1.4955 today?
kindly revert
Thank Adnan, I appreciate that.
Prakash, my first question is: short it based on what time frame? The 15 and 30 minute charts are currently in uptrending cycles.
The 60 is distribution as is the 240 minute.
I will consider fading a major psych level like a “00″ and sometimes “50″ if there is resistance already there and this would be valid in a distribution cycle.
I will saw that there is existing resistance between 1.4970 and 1.4967 so that if you wanted to fade the “50″ pip these levels would represent the area of your stop loss or “validity” for the short.