DislikedThe zones are the confluence of Fibo levels of previous Week, Month, Quarter, Year ranges (highs and lows). Below is an example of EURUSD Daily. Price have bounced off from M R78 (Month R) and Q R61 (Quarter R). So I would be looking for entry to go short on lower timeframes (M15, M30, H1, H4) in the zone of M R78 and Q R61. {image}Ignored
- #180
- Edited 3:32pm May 30, 2021 3:22pm | Edited 3:32pm
- Joined Jun 2017 | Status: Trader | 2,403 Posts