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Price is at very strong support based on Fibonacci Retracement.
Stoploss on weekly closing basis
Price is at very strong support based on Fibonacci Retracement.
Stoploss on weekly closing basis
Trade closed: stop reached
Based on this analysis, the stoploss has triggered as I excepted 40 to be the turnaround level. Nevertheless, the golden ratio zone is between 30-34. A reversal above these levels would be the best place to enter. I still believe a turnaround is just around the corner, but trading is all based on confirmations, and I didn't find one so far.
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
Disclaimer
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