I have been seeing great 2.618 trading setups in the forex markets lately. This one seems to be a good one as well. It's a bullish setup, buying when it hits the .618 after a double bottom. This one has already passed the .618 and is at the .786 fibonacci level. Making it a better position.
Though this 2.616 pattern is a little different. I am only posting this trade setup mostly because this setup breaks the previous high at 0.99039. . I am not sure if this still makes the pattern still valid or complete, so I want to see how it goes.
If it goes well or south, still gotta give credit to the people at tradeempowered.com finding and back testing patterns like these.
Though this 2.616 pattern is a little different. I am only posting this trade setup mostly because this setup breaks the previous high at 0.99039. . I am not sure if this still makes the pattern still valid or complete, so I want to see how it goes.
If it goes well or south, still gotta give credit to the people at tradeempowered.com finding and back testing patterns like these.