Maybe this is the reason for spike on GBP and EUR?
Attached Image
WT
2
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
DislikedWe had two attempts to break 61.8 Fib. I think at the 3rd test it won't resist. {image}Ignored
Disliked{quote} Dunno? The Euro just burst through all kinds of resistance levels.Ignored
Dislikedgood day for all members i hope this trade hit my profit target {image}Ignored
Disliked{quote} I chose this range because of a steady, consistent move across few days, showing the "true" direction of the market. {image}Ignored
Dislikedfor those who use fibonacci I have a question... when you put on your chart the fib and then you say well "See it respected the ____ level" wouldn't it have to respect SOME level on your fib? i mean assuming you identified somewhat of an uptrend or downtrend by connecting the highs and lows the price would HAVE to support/ resist at some level on the fib, 50, 618 , etc. Just trying to get an idea of how people trade with fibs. I can't imagine banks and what not sitting at a desk grabbing a fibonacci extension and determining price by that.... Just...Ignored