This Fibonacci sequence was first published ... Swing traders who use a breakout forex trading strategy will typically identify levels of support and resistance on an exchange rate chart.

Fibonacci retracement levels are considered as hidden support and resistance levels. Quite often they coincide with obvious support and resistance levels, like in the forex graph in question.

It is most commonly used in conjunction with Fibonacci or Elliott Wave trading ... tools they use in order to execute their strategy. Common forex trading tools are volume indicators, buy/sell ...

Also, on the daily chart, we see price action bouncing up from the 50% Fibonacci level. Gold is now at record highs, probably as a safe haven while we ride out the US Tariff stupidity. Purchases ...