DislikedSorry to disappoint you guy but the big traders use S/R lines, that is why every broker lists S/R lines every day not Fib lines. Fibonacci was an Italian mathematician who designed a math formula. The math formula has nothing to do with trading, stocks, Forex or anything else, it is a math formula. If you draw any 4 random lines on the screen an x amount of the lines are going to lines up with an x amount of candles. It is just the odds of it happening....Ignored
In other news, the AUD/USD is right on a historically significant SR line, so keep an eye on it.