Prior to my last post, My prediction for what was going to happen to EUR/USD led me and my client in over 40+ pips of profit 👍
EUR/USD hit previous Fibonacci retracement support which led it to have a strong impulse up to its Resistance (Take profit) due to previous Impulses and Retracements occuring on the chart 💯
If you do want to learn my strategy of how i...
I've tried my best to analyse this chart as much as i can so all of you, no matter of your trading ability, can understand 💯
So what i used was the Fibonacci Retracement tool to give me a good support and resistance line to use as i noticed there was strong impulses (Strong moves) going up then once after the impulses a retracement (Pull back) was occurring...
Due to the current news where Boris Johnson stated the UK lockdown will still be activate i believe the value of the pound will decrease Causing the EUR/GBP chart to hit its current Resistance and potentially break above it, Wait for confirmation that the trend will become bullish before entering.
Trade Smart, Trade Safe