After the strongest Fib trend has been established (red line) We proceed
Key areas involved include the 1 zone and 1.618
1 has been a consistent support for the pair (green arrows)
1.618 was recently a resistance turned support
Fib circles are very useful in identifying Support and resistance areas, as they are areas of interest, The hardest part is identifying the strongest trendline, once done its breezy
Key areas involved include the 1 zone and 1.618
1 has been a consistent support for the pair (green arrows)
1.618 was recently a resistance turned support
Fib circles are very useful in identifying Support and resistance areas, as they are areas of interest, The hardest part is identifying the strongest trendline, once done its breezy
