Hello,
I found this Fib retracement fitting this pair that I have been tracking for a while now. I first studied the 1W, then I started noticing that the price trend on 1H was hitting the Fib Retracement zones very clearly. You can see how the price is bouncing off the 0.786 level and struggling to enter into the higher zone.
I am a total noob at this, and I am posting this chart to get some guidance from the community on what this means, and where it could be headed. I posted this to show people that this trend was in play, and for us to educate each other. I would love to learn from your experience and knowledge, so please share and comment what you think.
I wish you guys all the success in this business,
Rizwan.
I found this Fib retracement fitting this pair that I have been tracking for a while now. I first studied the 1W, then I started noticing that the price trend on 1H was hitting the Fib Retracement zones very clearly. You can see how the price is bouncing off the 0.786 level and struggling to enter into the higher zone.
I am a total noob at this, and I am posting this chart to get some guidance from the community on what this means, and where it could be headed. I posted this to show people that this trend was in play, and for us to educate each other. I would love to learn from your experience and knowledge, so please share and comment what you think.
I wish you guys all the success in this business,
Rizwan.