I am posting this chart in order to show you how easily you can take profit of the market if you keep the analysis simple.
You don' t need many indicators that could make you confused.
In other words KEEP YOUR CHARTS CLEAN.
Then you would be able to understand in depth what you cant see in a messy chart.
As you can see, first we have a strong bearish move.
So then we expect a retracement that is placed exactly at 0.38.
Now i want to show you the importance of 1.2 fibo extension. In my opinion it is the most important level. It is clear that the price is always lookng for that level before having a retracement.
When the price is above MA50 we expect it to reach 1.2 fibo extension that could be your target level as well.
DON'T FOERGET. KEEP YOUR CHART CLEAN.
Thank you for your time!!
You don' t need many indicators that could make you confused.
In other words KEEP YOUR CHARTS CLEAN.
Then you would be able to understand in depth what you cant see in a messy chart.
As you can see, first we have a strong bearish move.
So then we expect a retracement that is placed exactly at 0.38.
Now i want to show you the importance of 1.2 fibo extension. In my opinion it is the most important level. It is clear that the price is always lookng for that level before having a retracement.
When the price is above MA50 we expect it to reach 1.2 fibo extension that could be your target level as well.
DON'T FOERGET. KEEP YOUR CHART CLEAN.
Thank you for your time!!