Dislikedi agree..its all probabablity...take yesterdays trade on Gbp/usd, im a fibo trader 95% of my trades are fib trades.....yesterday cable didnt respect fib law at all..
as a price action trader yes u do need to study price action at these magical numbers and these leads to bigger stops...and mostly its the support or resistance confluence which lead to the change not the numbers itself..it just so happens that at the magical number there is majar support or resistance...
in a nutshell fibs just add confirmation....and not all roads lead to rome..80%...Ignored
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