DislikedI am looking for advice on my analysis of this daily on the eur/usd. I am seeing confluence due to the crossover on MACD, break of the 50 on the RSI and a break of the .382 fib. Would a reasonable TP point on a short trade be just above the .50 fib? Thank you
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TJC
How come you are drawing the fibo from the swing low to the swing high while looking for a short entry?
Shouldn't you be drawing the fibo from the previous swing high to the swing low for a short entry?