Bounce back price patterns from TrendLines and Febonacci levels are some of the best trade set ups. You need to get a confirmation from Febonacci retracement levels for accurate trade entries.
Also, same is applicable for TrendLines. Though there is nothing as a 100% accurate entry, but Febonacci trading can give almost 90% accuracy of trades with almost no drawdown if the entry is right at the right febo level and during volatile markets.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.