As my idea in this pairs in 24-Apr-2020 (tradingview.com/chart/GBPJPY/JBu0HFTG-GBP-JPY-idea-24-Apr-2020/), the price react at fibonacci retracement 50 two times before continue downtrend on H4 chart
Hence, I user fibonacci ext as a tool to calculate take profit point. You can see in this thread, I go to short with fibonacci ext 23.6 and 38.2 level as my target.
Thank for reading and feel free to share your comments.
Hence, I user fibonacci ext as a tool to calculate take profit point. You can see in this thread, I go to short with fibonacci ext 23.6 and 38.2 level as my target.
Thank for reading and feel free to share your comments.
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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.