XAUUSD on Fib Extension POV

5 сент.

I'm not trading right now; this is just to show how candles react to those Fib extension levels. If you’ve learned SMC, it’ll help you get a better grasp of market structure, giving you good insight and a clear idea of where the market might go.

6 сент.

Заметка

As you can see, due to the NFP data release, the candles have already hit the 261.8 Fibonacci level (2501) and made a pullback. If the bearish movement successfully breaks the 2500 level, there is a high probability it will reach the 361.8 - 388 level (unmitigated shadow area).