I was viewing a video on http://www.warrenforren.org about Fibonacci and it seemed like a leading method. Is it the best?
1) Is it the "most excellently"?......No.
2) It's a good method when it "works".
3) It's advance to develop your own method that you feel smug trading instead of buying big wheel else's that may not "fit" you properly.
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The South Korean won led the week's gains among emerging Asian currencies as investors sought
Whenever you see the reward moves, it will as usual retrace and then move back up again. If you acquire a Fibonacci indicator on the most new stiff and low, you will find that those retracement in the main ends between the 0.382 and 0.618 levels.
...Specialized Dissection for Crosses GBP/JPY
The twins is still consolidating between 76.4% and 88.6% Fibonacci retracement levels of the CD leg of our caught bearish harmonic butterfly cycle. The most powerful complex piece is that it continued trading below the diminish goods of Keltner convey which turned into a partisans for the coeval movements. From here on out, we keep our bearish attitude uninjured over intraday base, noting that a breakout below 88.6% Fibonacci with will give in 100% Fibonacci at 130.10 clearing the circuit towards 127.2% Fibonacci protuberance of CD leg.
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Forex: GBP/USD closes gap above key Fibo support The 50% Fibonacci tear down of the 1.5232/1.6300 upswing has managed to attract massy bids late last week, as the pair flatten to test the 1.5730 zone before rallying back to practically the week. The1.5767/30 zone will be "critical" heading into the week, |
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Forex: USD/JPY still above 79.00 FXstreet.com (San Francisco) - USD/JPY is consolidating new losses this Monday in Asia, bracketed between 79.09 and 79.23 as it hovers around maintain in the 61.8% Fibonacci retracement area of the 76.00/84.15 upswing at 79.10. |
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Euro Finds a Bottom @ 1.2625 by Ava FX Judgement Team - Ava FX | View company's also nett EUR/USD: the market fell to a low of 1.2641. At that mark, it formed a testy term bottom just above 1.2625. We see resistance at 1.2844 which is the 4 hours 55 EMA. We have assertive resistance at |
