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Wednesday, February 1, 2012

Fibo level possibility for retracement

Example for retracement choices.
GBPUSD H1
1st choice: 61.8 (normal setup)
2nd choice: 38.2 (creeping setup)

see what fibonacci can do
TP at 161.8 fibo level

Again about GBPUSD H1
Possibility to retrace:
1st choice: 61.8 (Normal setup)
2nd choice: 50.0 (creeping setup)



NZDUSD H1
1st choice: 61.8 (normal setup)
2nd choice: 38.2  (creeping setup)


USDCHF H4
2 Possibility to retrace:
1st choice: 50.0 (normal setup)
2nd choice: 38.2 (creeping setup)
So, how our entry??
Entry: Fibo 50.0
SL: +10 pips over fibo 38.2
TP:  Fibo 100.0

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