Correct me if I'm wrong but the orange fib is running from the peak at 1 to the trough at 2. The extensions appear to cluster with other resistance levels in the area. 1.23000 has been a hugely important level in years past so profits should be secured before this area. Stop loss defined below the wave of 1 - 2, thus invalidating the wave theory, around the 1.17100 level.
Entries and exits will be posted. Good luck traders!
IF you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated!
TElphee – Self-made Technical Analyst. 5-year market enthusiast with experience in Forex, and Cryptocurrencies.
Disclaimer: Oanda data shown. This is NOT investment advice.
There are traders posting ideas that are not useful getting thousands of likes. In this case there are traders with less posts/rep, posting the same trade idea, with LESS ANALYSIS getting 10x more likes than I have.
This post deserves more attention and TV's reputation system is skewed. I've been at 980 rep for the last 6 months even though I've doubled my followers and publications.