Learn to trade the Fibo - once it is set - it is set; and the Fibo is a very good tool in judging the bottom and top for taking your pips. Like today; it hit bottom to the pip before retracing. And the Daily is still open for more down so until we get closer with the 2 hour White/Purple crossing - for consolidation; we are still down.
But now is time to be careful with your entries because we are at the bottom of the Fibo. And being at the bottom and/or the top - retraces is what you are looking for on entries off support and resistance.
But now is time to be careful with your entries because we are at the bottom of the Fibo. And being at the bottom and/or the top - retraces is what you are looking for on entries off support and resistance.
The Dove - Forex Trainer
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