The pair's tested the 61.8 fib level, a reversal at this level followed by a closing of a bearish candle below it should be considered as a SHORT entry signal. Stop loss, Take profit 1 and 2 are shown in the chart as fib levels.
The pair's tested the 61.8 fib level, a reversal at this level and a closing of a bullish candle above it should be considered as a LONG entry signal. Stop loss, Take profit 1 and 2 are shown in the chart as fib levels.
The pair's tested the 61.8 fib level successfully and rebounded, a reversal at this level and a closing of a bullish candle above it was a LONG entry signal. Stop loss, Take profit 1 and 2 are shown in the chart as fib level
The pair is testing the 61.8 fib level, a reversal at this level followed by a closing of a bearish candle below it should be considered as a SHORT entry signal. Stop loss, Take profit 1 and 2 are shown in the chart as fib levels.
The pair's tested the 61.8 fib level, a reversal at this level and a closing of a bullish candle above it should be considered as a LONG entry signal. Stop loss, Take profit 1 and 2 are shown in the chart as fib levels. This analysis also applies on GBP/CAD.
The pair is testing the 61.8 fib level, a reversal at this level and a closing of a bullish candle above it should be considered as a LONG entry signal. Stop loss, Take profit 1 and 2 are shown in the chart as fib levels.
Price seems stall at the 61.8 lvl a long position signal TP1,TP2 and SL are shown by lines
The pair is testing the 61.8 fib level, a reversal at this level followed by a closing of a bearish candle below it should be considered as a SHORT entry signal. Stop loss, Take profit 1 and 2 are shown in the chart as fib levels.
The analysis failed at the 1hr time frame, but an opportunity at the 4hr tf is still avaliable. Good Luck!
The opposite of this tutorial applies on uptrend scenarios. Inbox me if you have any questions.
We may wait for a reversal at the 61.8 lvl to enter a long position with stop loss below the low swing at 100 lvl TP1 at 23.6 lvl TP2 at 0 lvl