Free Trading Webinar by Marios Athinodorou Join us and learn how to plan your trading dayThursday 29/3 at 15:00 (GMT+3)
Sign up here!
Litecoin
As it is noticed on the 1H time frame of the 19th March 2018, there was a nice Fibonacci retracement of 50%. We would have taken advantage of this if we had placed a limit buy order of the 50% and up.
GBPUSD
On the 1H time frame of the 20th March 2018, we could see the Fibonacci retracement on the 50% that is a level in which the pair tends to respect most of the times. We would have taken advantage of this if we had placed a limit buy order on the 50% and up.
EURUSD
On the 1H time frame of the 21st of March 2018, it appeared another past opportunity with a 50% Fibonacci retracement. Once again, we would have taken advantage of this, if we had placed a limit buy order on the 50% and up.
About the Author:
Marios Athinodorou is TeleTrade’s market analyst and commentator. Apart from being an experienced trader, Marios is an advanced technical analyst and is interested in trading psychology. He has 7 years of trading expertise in Forex and CFDs, providing insights to share with all kinds of traders, from beginners to experts.
Among others, Marios is delivering weekly trading webinars. Sign up for upcoming webinars, here.
Disclaimer: Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and education purposes. Personal Opinion of the Author does not represent and should not be construed as a statement or an investment advice made by TeleTrade. All Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
Risk Warning: Investment services are provided by TeleTrade-DJ International Consulting Ltd, a Cyprus Investment Firm under reg. number HE272810 operating in accordance with MiFID, under license 158/11 by the Cyprus Securities and Exchange Commission. Trading in leveraged derivative financial instruments carries a high level of risk and may not be suitable for all investors. Past performance is not a reliable indicator of future results. Indiscriminate reliance on informational or historical materials may lead to losses.