Hi traders,
this is my view on FRA40 the french economy indice.
Here we can see a perfect educational market struktur to show how important it is to know the work
of fibonacci retracement.
Beweent 0.786 & 0.618
Fibonacci retracement is the golden zone to enter for
trendfollowing trades. And what does the price? The price on this indice change the direction at the golden zone.
So you see trading is now rocket scienes, what you need is patients to wait for the right setups and the patient to let the trades run.
Have a good trading week.
Best wishes Stefan Forex
this is my view on FRA40 the french economy indice.
Here we can see a perfect educational market struktur to show how important it is to know the work
of fibonacci retracement.
Beweent 0.786 & 0.618
Fibonacci retracement is the golden zone to enter for
trendfollowing trades. And what does the price? The price on this indice change the direction at the golden zone.
So you see trading is now rocket scienes, what you need is patients to wait for the right setups and the patient to let the trades run.
Have a good trading week.
Best wishes Stefan Forex