It should be noted that the market was so stable and trend was also so clear (downward).
Range was: 341 pips (downward).
The value of 50% Fibonacci retracement levels is: (High + Low) / 2 = 1.4000.
(The key level to confirm a bullish market).
Volatility is 477.40 so the market has called for a high volatile.
Observation (s):
Please check out the market volatility before investing, because the sight price may have already been reached and scenarios become invalidate.
Use historic prices to determine future prices.
Fibonacci retracement uses to determine accurate psychology level of support and resistance, and playing according to in this kind of period.
Breakout 2 – A breakout strategy that looks to go long when a currency pair breaks above its 24-hour trading range, short on a break below. Unlike a raw channel breakout strategy,
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