EURCAD BEARISH. risks 53 pips for tp over 600 pips!
So the impulse move acts as if it's taking a big breath in, and then the retracement is the breath out. This collection of impulses and retracements then leads to higher highs etc.. all being formed, creating our trend. In this case it is the retracements we are concerned with, and Fibonacci is a tool used to figure out areas in the market where price may stall or...
Gold BEARISH=BULLISH, it explains a lot! if we want that gold reachs 1800-2000 so it has to arrive 0.50 Fibonacci first! buy and hold wont like this! trend trading is a better option!
there are many people thinks it's a good buy? really?? you must be joke! buy and holding won't work like this!
GOLD BULL FLAG? Fibonacci 0.50 at support level.
Imagine what if it were bearish chart = pump! Make everything look upside down when you flip this chart. it's very unbelievable! likely reaching $20k then $50k-150k later. please a leave comment and like if you find it useful! Thank you! DS.