Fib Theory for GBPCAD
Updated
Plugged in a Fib to see how it looks, assuming this is the bottom, its in a good position to break the trend line, hit the .236, retest the trendline, then head for the weekly pivot at .382, possibly even more. Just a theory I wanted to share.
Trade closed: target reached
Looks like it actually worked in my favor. Trade closed today for +20 bucks at profit target.
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