Fibo 61 resisted very well two weeks ago and last week fibo 50 was strong.
My trading plan for this week is:
- Sell stop few pips below fibo 38
- Stop loss at fibo 50
- Take profit at fibo 0
- Risk/reward is 2.86, not bad!
IMPORTANT NOTE: I'm not writing price values (and rarely I do) because I suggest you to check the correct levels with your broker.
This idea is based on my researches, do your own study and don't invest based on this idea only.
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