In current chart You can see 2 last fibonacci retracement on bigger and smaller time. Both took place on important fundamental env. First one took place 2 weeks ago on NFP. 61% was hit and price went into retracement swing up to 38%. Second one is small intraday trend which took place today and again 61% was hit and then after Catalonia annoucement London took heavy buy up to 38%. Both swing took similar behaviour. Lets see if second swing will atchieve 61% retracement pointc which is actually very important range (282) which I was talking about yesterday in my overall view. Use fibonacci tools they can be very helpful when used proper way. Good luck.
Yorum:
It just kissed 282.14 (61% retr.) which actually didnt closed my yesterday sell (TP is on 281.50). I'm moving my SL to 50% of that swing to get less profit if price will want to reverse and deleting my TP thinking that London will generate more downside.