USD shot up and neared the resistance; betting on mean reversion.
Let’s take another example which is shown here The chart looks hugely messy here. XB = As long as it is less than .618 we are fine but we prefer it to be .382 to .500. Not satisfying. BD = As long as it is more than 1.618 we are fine but we prefer it to be 1.618 to 2.618. This is not much that important. Satisfying because it is assumptive but why not assume...