Euro / Australian DollarEducation
Methods 2: Retracement Levels 1
This is the first installment in my second section on Methods I use for finding Support and Resistance. I use a live trade example on EURAUD to show how the simple 50% Fibonacci level was all that was needed to find where the price would inflect. While I am aware and have studied the Fibonacci levels I find that just drawing 50% levels is all I need to find good trade entries and targets. Hope all can learn from my small mistake and look forward to sharing more!
The script I wrote for to quickly identify these 50% levels are in the Link below.
EURAUD to show how the simple 50% Fibonacci level was all that was needed to find where the price would inflect. While I am aware and have studied the Fibonacci levels I find that just drawing 50% levels is all I need to find good trade entries and targets. Hope all can learn from my small mistake and look forward to sharing more!The script I wrote for to quickly identify these 50% levels are in the Link below.
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Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
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Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
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