GBPCHF - Impulse on hourly chart & Fibonacci projections.
Fibonacci retracement & extension to measure price-action. The interaction between actionary and reactionary waves can be understood with the Fibonacci tools.
Market conditions can be similar in some aspects; however, they are always different comparing to the past. To rely on fibonacci tool for trading it is necessary to have a reason to use it. In other words, you use it not trying to replicate previous scenarios, but to measure what is going on in present.
Happy trading!
Market conditions can be similar in some aspects; however, they are always different comparing to the past. To rely on fibonacci tool for trading it is necessary to have a reason to use it. In other words, you use it not trying to replicate previous scenarios, but to measure what is going on in present.
Happy trading!
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Wave structure is revealing:
