Two week fibonacci long

FX:AUDUSD   Australian Dollar / U.S. Dollar
Based on the fibonacci principle and past market fluctuations, I predict the stock will increase.

Price target: .80575

Stop order: .79259

Stop loss: .78484

Still learning


I think you placed your buy stop order a little too tight, 0.794 or the 0.5 Fib level would have been a bit better spot. More importantly you can see the strategy is played out and its going down so keep practicing the setup. The target/stop is good, no need to change that.
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