It is important that you pay attention to the projection levels via the Fibonacci tool. In the majority of cases, you will find at least some temporary support or resistance.
(Video length 00:29:52)
Ivan Delgado, Market Insights Commentator at Global Prime, illustrates how important it is that you pay attention to the projection levels via the Fibonacci tool. In the majority of cases, you will find at least some temporary support or resistance. The purpose of these institutional-level chart studies is to educate traders on their understanding of the FX market.
The Daily Edge is authored by Ivan Delgado, Head of Market Research at Global Prime. The purpose of this content is to provide an assessment of the market conditions. The report takes an in-depth look of market dynamics, factoring in fundamentals, technicals, inter-market, futures and options, in order to determine daily biases and assist one’s decisions on a regular basis. Feel free to follow Ivan on Twitter & Youtube.
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