Using Fibonacci to assist your trading decisions...EUR/USD

16 ต.ค. 2014

I have always studied and monitored price action against Fibo levels and providing the markets trend and do not reverse the myth of Fibonacci works for me...

Here is a daily chart showing the recently completed ABCD pattern...A - B boundary completed and a C shallow pullback correction formed. This offered an extension target at the 1.618% (1.24978)...notice how price reacted to both pullback and extension Fibo levels...