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Aleksin_Aleksandar
Jan 15, 2021 11:25 AM

EURGBP test for fibo 50.0% 

EURO / BRITISH POUNDICE

Description

On the daily time frame, we can use the Fibonacci retracement level where a couple of hours it tests the level at 50.0%, the previous three times the pair bounced up and whether we will have to wait a little longer. The pullback is possible in any case because a falling channel has been formed, and the pair is at the lower edge of the channel. Now a smaller pullback is possible but as an integral part of that consolidation.
Comments
Verkaas
good job
Aleksin_Aleksandar
@Verkaas, thank you
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