Malaysia
2025-04-29 12:02
IndustryPredicting false moves in USD/JPY beyond Fibonacci
#CurrencyPairPrediction
Predicting false moves in USD/JPY beyond Fibonacci retracements involves identifying price actions that temporarily breach key Fibonacci levels (e.g., 38.2%, 50%, 61.8%) but then reverse sharply. These false breakouts can mislead traders into entering premature trades. To detect such moves, traders often combine Fibonacci tools with confirmation indicators like RSI, MACD, candlestick patterns, and volume analysis. Recognizing false moves helps avoid traps and improves trade timing by waiting for validation beyond Fibonacci retracement
Like 0
shanny1630
Trader
Hot content
Industry
Event-A comment a day,Keep rewards worthy up to$27
Industry
Nigeria Event Giveaway-Win₦5000 Mobilephone Credit
Industry
Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit
Industry
South Africa Event-Come&Win 240ZAR Phone Credit
Industry
Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit
Industry
[Nigeria Event]Discuss&win 2500 Naira Phone Credit
Forum category

Platform

Exhibition

Agent

Recruitment

EA

Industry

Market

Index
Predicting false moves in USD/JPY beyond Fibonacci
#CurrencyPairPrediction
Predicting false moves in USD/JPY beyond Fibonacci retracements involves identifying price actions that temporarily breach key Fibonacci levels (e.g., 38.2%, 50%, 61.8%) but then reverse sharply. These false breakouts can mislead traders into entering premature trades. To detect such moves, traders often combine Fibonacci tools with confirmation indicators like RSI, MACD, candlestick patterns, and volume analysis. Recognizing false moves helps avoid traps and improves trade timing by waiting for validation beyond Fibonacci retracement
Like 0
I want to comment, too
Submit
0Comments
There is no comment yet. Make the first one.
Submit
There is no comment yet. Make the first one.