EURUSD | Fibonacci after Long Run
Fibonacci Retracements after Long Run.
This behavior again shows how important the Fibonacci retracement is in trading. One can see very well how the Fibonacci retracement levels are targeted after the steep rise in the price. First at 0.23xx and then at 0.38xx. Such retracements can be used as a possible buy decision for buying positions within the retracement levels. This could be between 0.38xx and 0.23xx.
This behavior again shows how important the Fibonacci retracement is in trading. One can see very well how the Fibonacci retracement levels are targeted after the steep rise in the price. First at 0.23xx and then at 0.38xx. Such retracements can be used as a possible buy decision for buying positions within the retracement levels. This could be between 0.38xx and 0.23xx.
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