USDJPY
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How to use FIBONACCI RETRACEMENT & HORIZONTAL ZONES;
As you can, the market has gone down by 3 levels as you can see the numbers...the rule to understanding how to use the Fib retracement, You must see the 3 levels appear before the market can go for a major correction for all levels!
However, each level or impulse has it's own correction.
In order to know when the market is about to make a retracement, you also need to use the Vertical Trendlines....So, to go back to our focus now, The fib and Horizontal zone;
You can see that the market fell 3 times with a correction on each level. Then, now i am expecting a major correction for all these 3 levels...
So, how and when do we know where to enter?
Okay, so, the market is heading downwards into our fib correction zone (Measured by using Fibonacci zone 50.0-61.8) where we have our psychological zone/respected level where as you can see that every time the market reaches this level, it bounces, except recently where the market broke it without retesting...But!, now you can see that it has come retest it again giving us the HEAD & SHOULDER pattern which will confirm our Bullish movement!
For more of these and free content, please follow my channel and communicate with me for clarity and free education for you!!!!
#ForexCartel
GBPUSD
How to use FIBONACCI RETRACEMENT & HORIZONTAL ZONES;
As you can, the market has gone down by 3 levels as you can see the numbers...the rule to understanding how to use the Fib retracement, You must see the 3 levels appear before the market can go for a major correction for all levels!
However, each level or impulse has it's own correction.
In order to know when the market is about to make a retracement, you also need to use the Vertical Trendlines....So, to go back to our focus now, The fib and Horizontal zone;
You can see that the market fell 3 times with a correction on each level. Then, now i am expecting a major correction for all these 3 levels...
So, how and when do we know where to enter?
Okay, so, the market is heading downwards into our fib correction zone (Measured by using Fibonacci zone 50.0-61.8) where we have our psychological zone/respected level where as you can see that every time the market reaches this level, it bounces, except recently where the market broke it without retesting...But!, now you can see that it has come retest it again giving us the HEAD & SHOULDER pattern which will confirm our Bullish movement!
For more of these and free content, please follow my channel and communicate with me for clarity and free education for you!!!!
#ForexCartel
GBPUSD
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