We are now on the 0.382 retracement of global ad last move
if cross down this level go to 0.5 - 0.618 retracement
Going to an extension idea the blue box 1.27 -1.618 is also the 0.5 -0.618 retracement (closer of 0.5) of global move (between the blue and the red box)
Enter only if divergence
Trade your plan - if you dont have any, avoid to trade - stay safe
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if cross down this level go to 0.5 - 0.618 retracement
Going to an extension idea the blue box 1.27 -1.618 is also the 0.5 -0.618 retracement (closer of 0.5) of global move (between the blue and the red box)
Enter only if divergence
Trade your plan - if you dont have any, avoid to trade - stay safe
Thanks for clicking the like button. In case of another view, questions or comments ? share it with pleasure More ideas following. Click the follow button to keep updated when I publish new ideas or update already published ones. Thanks for your visit !
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(Warning. I am a private trader. I don't sell any signals, equipment or other sources of learning about forex . I am here to share ideas based on technical analysis to improve me on Forex practice. Trading forex is dangerous and can result in significant financial losses. So I am not responsible when the results of the positions to be taken on the basis of my charts since these constitute no basic signals but simply my own market analysis. As i always says, trade your plan and if you don't have any, avoid trading.)
