The Musings of Faith

A classic use of Fibonacci levels. GBP/USD naturally retraces 38.2% - 50% of most every move. If it retraces more than 50%, it usually signals a reversal of the original move. Less than that, and in most cases, price will continue in the direction of the original move.

A classic use of Fibonacci levels. GBP/USD naturally retraces 38.2% - 50% of most every move. If it retraces more than 50%, it usually signals a reversal of the original move. Less than that, and in most cases, price will continue in the direction of the original move.




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