Break & Retest using fibonacci!
The fibonacci tool can be a great asset to your trading arsenal when looking for potential entry and take profit areas!
This trade we saw a clear break in structure followed by a retest of prior resistance with a 38.2 fibonacci level to use as added confluence. Fibonacci extensions were also used to identify take profit areas!
This trade we saw a clear break in structure followed by a retest of prior resistance with a 38.2 fibonacci level to use as added confluence. Fibonacci extensions were also used to identify take profit areas!