I just caught a nice short on the GBP/USD using fib confluence but got sht scared and pulled out at 36 pips, still nice profit.
But it's still going down. What's a good way of assessing how far it should go?
Indicators are useless in these circumstances I think.
Fib extension suggests around 1.8680 - I just can't believe it.
But it's still going down. What's a good way of assessing how far it should go?
Indicators are useless in these circumstances I think.
Fib extension suggests around 1.8680 - I just can't believe it.
![](https://resources.faireconomy.media/images/emojis/64/1f612.png?v=15.1)
![](https://resources.faireconomy.media/images/emojis/64/231b.png?v=15.1)