This chart ONLY attempts to give me a bias. once price closed above the 50% i entered long on a 15 Min Chart on the close of the 4 hrs candle above the 50%. I do not know if all upper targets will get hit. I will manage my stop loss and watch the areas of interest. Although to be 100% honest I REALLY WANT to get to 100.75 BUT thats wishing not trading. If i get...
When i look at a long term chart i use Fibo heavily and try to correlate trend lines. In this example price went to 98.50 area witch is the 50% retrace at 98.51.Missing the gap close from last week. Since then we gapped up again respecting the 50% monthly Fib. Along with the 50% and 61.8% fibo retrace. So as long as those areas continue to be respected I am...
