GBPUSD chart shows 89,55,34 pips between each level, and the EURUSD, while not having perfect fib. numbers, does have a ~1.618 ratio between all these levels.
Yeah, I'd go with some combination of pivot point (ie: lines based on a central point and range of previous day/week) and fibs.
I don't think it's Murrey Math, as that deals with eighths and factors of two.
Yeah, I'd go with some combination of pivot point (ie: lines based on a central point and range of previous day/week) and fibs.
I don't think it's Murrey Math, as that deals with eighths and factors of two.