Textbook #FibReracement on #ForexTrade
Europe has been dealing with a lot of turmoil: Russia has be regulating the EU's Natural Gas Imports, slowing the pipeline down by 20%; on top of increasing Inflation scares.
Australia, however, has been holding steadily against major pairs - even with China sanctions still in play.
I used a my Support and Resistance Lines to find Bearish Trendlines within the Channel. At the highs and lows I mark my Fibonacci Retracement.
Textbook results with price retracing from the 61.8% level down to the -27.2%
Total for 230 pips with 1:5 Risk to Reward.
#Winning
Using the alphamindfx All-In-One Assistant Indicator
Australia, however, has been holding steadily against major pairs - even with China sanctions still in play.
I used a my Support and Resistance Lines to find Bearish Trendlines within the Channel. At the highs and lows I mark my Fibonacci Retracement.
Textbook results with price retracing from the 61.8% level down to the -27.2%
Total for 230 pips with 1:5 Risk to Reward.
#Winning
Using the alphamindfx All-In-One Assistant Indicator
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