Hello Traders
Did any one noticed that whenever there is a sudden drop in a pair ... there must be a sudden rise after ... Iam just wondering so at the chart below does that mean ( according to fibonacci ) to buy @ 61.8 and 50.0 and 38.2 ....... if yes where should i place SL/TP .... if not - what does it mean ...
http://upload.wikimedia.org/wikipedi...etracement.png
another thing ... please if anyone have a good strategy using fibonacci please share so we can develope a great one all together ...
Thanks in advance
Cheers
Did any one noticed that whenever there is a sudden drop in a pair ... there must be a sudden rise after ... Iam just wondering so at the chart below does that mean ( according to fibonacci ) to buy @ 61.8 and 50.0 and 38.2 ....... if yes where should i place SL/TP .... if not - what does it mean ...
http://upload.wikimedia.org/wikipedi...etracement.png
another thing ... please if anyone have a good strategy using fibonacci please share so we can develope a great one all together ...
Thanks in advance
Cheers
let the chart to be your chauffeur ... -Forexmnstr-