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2025-04-29 02:38
IndustryCombining Fibonacci retracement with trendlines in
#CurrencyPairPrediction
Combining Fibonacci Retracement with Trendlines in USD/JPY
In trading USD/JPY, combining Fibonacci retracement levels with trendlines enhances the reliability of entry and exit signals. Fibonacci retracements help identify potential support and resistance levels based on the recent price swing, typically at 23.6%, 38.2%, 50%, 61.8%, and 78.6%. When these Fibonacci levels align with a drawn trendline (connecting higher lows in an uptrend or lower highs in a downtrend), it strengthens the likelihood that the price will respect these levels. Traders often look for price reactions (bounces or breaks) at the intersection points to plan trades, aiming for higher-probability setups in the trending USD/JPY market.
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Combining Fibonacci retracement with trendlines in
#CurrencyPairPrediction
Combining Fibonacci Retracement with Trendlines in USD/JPY
In trading USD/JPY, combining Fibonacci retracement levels with trendlines enhances the reliability of entry and exit signals. Fibonacci retracements help identify potential support and resistance levels based on the recent price swing, typically at 23.6%, 38.2%, 50%, 61.8%, and 78.6%. When these Fibonacci levels align with a drawn trendline (connecting higher lows in an uptrend or lower highs in a downtrend), it strengthens the likelihood that the price will respect these levels. Traders often look for price reactions (bounces or breaks) at the intersection points to plan trades, aiming for higher-probability setups in the trending USD/JPY market.
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