I swear this is the best forex video on the internet. I've never used a fib up until this explanation hit my feed. I call it a strength gauge now as it helps me figure out the next move and how likely that move will be.
Sorry im a bit new, but you're saying that if you've got strong green candles that go above the 61.8% level then that means the trend is.. weak? I would think the opposite. Dont really understand
The fibonacci is basically a tool for trading with the trend and also used to trade pull backs in trend (which will always happen) so what this video is saying is if the pullback goes to the 60% area and above the trend is getting weaker so that what is implies an urges you to be careful with that trend
I swear this is the best forex video on the internet. I've never used a fib up until this explanation hit my feed. I call it a strength gauge now as it helps me figure out the next move and how likely that move will be.
😂
Hell, I was using it backwards! Thanks for clarifying this.
Sorry im a bit new, but you're saying that if you've got strong green candles that go above the 61.8% level then that means the trend is.. weak?
I would think the opposite. Dont really understand
im new but ngl i rlly dont seem to follos this😅😂
The fibonacci is basically a tool for trading with the trend and also used to trade pull backs in trend (which will always happen) so what this video is saying is if the pullback goes to the 60% area and above the trend is getting weaker so that what is implies an urges you to be careful with that trend
Correct❤
Absolute bollocks
I’m glad you said. 😂
absolutely useless
absolutely useless