Fibonacci retracement isn’t possible in consolidating markets in other words. Regarding the recent trading action of EUR/USD, I am assuming that the long-term downtrend of the forex pair has ...
Consider an example of a forex swing trader operating based on the Fibonacci Retracement levels that will be described further in the following section under Retracement Trading. The trades this ...
Over-trading is one of the greatest sins any ... minor Elliott waves are clearly present as are the Fibonacci retracements and projections. Here is a great recent example in the euro (EUR ...
Within the field of technical analysis, the Fibonacci number sequence is applied to gauge price (and occasionally time) movements. The most commonly used numbers in this form of retracement ...