I am Obsessed with CHANNEL :-)
but not perfect, 80% accurate of the time
now it just break down, will be sucked back in
Trader.Artist21
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yeahh me too most of trending i used channel but just study with it fib. I don't used much just 1.618 only cause it look clean and more accurately ...............also used it for reversal as well .
I am more bearish about it, but your study is very good.
jangseohee
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you mean Fib level?
ForceFollower
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I mean, a nice display of key levels. Why bearish? Because this market is in a down trend and the AUD is the weakest ccy. A key Fib level? Why not? It may be on its way to Fib-61.8% or the 0.80 handle. I don't know, if it is though, I haven't tested it for this property, but I find it quite likely.