you do not properly build a Fibonacci
Using Fibonacci determine the depth of the correction trend. And before we need to determine where trend.Trend considered valid unless probit level 61.8.Pri beat this level Fibonacci reconstructing
time trend of live 1-3 sometimes 5 days on some of the currencies of 10 days (1-2 day interest me a little)
4 hours from several weeks to several months
daily from a few months are 1.5 2 years
weekly and monthly unlimited
8.8 14.5 weak grip the price on the back
23,6 I do not know when
38.2 often newsletter with background
50 works are often
61.8 strongest level
76.4 I do not know when
91.2 If any reason chimed 61.8
Will it be right to say you draw your zone wen price has a change in wave/trend orientation and fails to make a definite direction pattern[HH,HL; LL,LH] giving a kind of cluster candles/bars.....is this when you draw your zone and wait for a break out....
Kindly give a little more better explanation on how you determine your zone if the above does not define how you do so.
What do you think of the USDCAD? do you think it will bounce off that support level?
Ignored
Maybe but there was no correction reaching level 15 items I was afraid they buy.
I will try to undermine from 61.8. But here is dangerous because they undermine the Fibonacci can be built all at different
Will it be right to say you draw your zone wen price has a change in wave/trend orientation and fails to make a definite direction pattern[HH,HL; LL,LH] giving a kind of cluster candles/bars.....is this when you draw your zone and wait for a break out....
Kindly give a little more better explanation on how you determine your zone if the above does not define how you do so.
Many thanks.....
Ignored
There are many ways of constructing the Fibonacci but this method of construction used by major players
Unlock any timetable currencies (but not cross rates), and using these rules of construction you will see how the level of 61.8
