Hey everyone
Have recently started forex trading, using an intraday stratergy and another end of day stratergy. I am just wondering if anyone has any advice on how to accurately plot Fibonacci retracements on my daily chart ie where do you start and finish the retracement? From the start of the most recent strong run/trend (which may be months long), or the start and finsish of the most recent rally upwards in a long term uptrend for example? I hope I have made that clear? Any advice is well received.
Have recently started forex trading, using an intraday stratergy and another end of day stratergy. I am just wondering if anyone has any advice on how to accurately plot Fibonacci retracements on my daily chart ie where do you start and finish the retracement? From the start of the most recent strong run/trend (which may be months long), or the start and finsish of the most recent rally upwards in a long term uptrend for example? I hope I have made that clear? Any advice is well received.