BhekaniZitha

How to use FIBONACCI RETRACEMENT the right way

Long
FX:CHFJPY   Swiss Franc / Japanese Yen
In this analysis, i am showing you how to know where the correction of the market will end...by using fibonacci, you can have a clear understanding of where the price is heading with the use of course of the Trendlines and understanding how the market behaves within a spotted channel...for instance; we have a bullish flag in this case, and a bullish flag signifies that the buyers are driving the ship uphill in the sea - it's a big bullish wave!

Please check the previous idea i shared on this pair...i gave out two signals. The 1st one was a loss and the 2nd one was successful.
Currentlty, i am holding this one from a correction zone going up!

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Cheers...

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