FCPO ANALYSIS 26.02.2024
1) I see the price movement heading towards resistance, which is the previous trendline support now turned into resistance.
2) I use Fibonacci retracement to find the best price for selling.
3) I choose the selling area between the Fibonacci levels of 1.236 to 1.618, as I see confluence with the trendline and resistance at those levels.
2) I use Fibonacci retracement to find the best price for selling.
3) I choose the selling area between the Fibonacci levels of 1.236 to 1.618, as I see confluence with the trendline and resistance at those levels.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.