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COG LINES AND FIBONACCI

COG lines, in combination with Fibonacci, is a great strategy for technical analysis, speculation, and trades execution.

Usually, the majority of traders use a predetermined stop loss and take profit targets, in pips, e.g. stop loss 50 pips, take profit 60 pips, etc.

Through this strategy, COG lines and Fibonacci, the traders can identify or set their exit targets based on the Fibonacci’s psychological levels.

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Wednesday, 15 Jun, 2016 / 11:32

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Source : http://blog.argusfx.com/2016/06/07/cog-lines-and-fibonacci/

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