#CurrencyPairPrediction Mistakes to Avoid When Using Fibonacci in USD/JPY Trading 1. Blindly Trusting Levels: Fibonacci retracements are guides, not guarantees. Relying solely on them without confirming with other indicators (like trendlines or RSI) can lead to false signals. 2. Ignoring Market Context: USD/JPY is heavily influenced by macroeconomic news and monetary policy. Major events can easily cause price to ignore Fibonacci levels. 3. Wrong Swing Points: Choosing incorrect high and low points when plotting Fibonacci retracements leads to inaccurate levels. Always select significant, clear swing highs and lows. 4. Overcomplicating Setups: Adding too many Fibonacci levels can clutter charts and create confusion. Focus on key levels like 38.2%, 50%, and 61.8%. 5. Forcing Trades: Don’t enter trades just because price is near a Fibonacci level. Wait for confirmation like candlestick patterns or volume