Hello everyone,
On this chart, I reviewed latest uptrend started on November 24 till November 25. It had 68 degrees uptrend.
I set fibonacci retracement on half of 68 degrees and found this level as lowest price for trend reversal.
It offers good risk/reward ratio
Please read this first !
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Regards
On this chart, I reviewed latest uptrend started on November 24 till November 25. It had 68 degrees uptrend.
I set fibonacci retracement on half of 68 degrees and found this level as lowest price for trend reversal.
It offers good risk/reward ratio
Please read this first !
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Regards
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