Forex EUR/USD Daily Video, September 23, 2020

srodelo

Recruit
Messages
2
Good morning, I have a doubt, I apologize if it is due to my lack of knowledge of the indicators used, on the daily chart we have "(1) 1.11680 T" which I think is a Fibo until 1.20105, and what I don't understand is the value of 50% of Fibo, "(5) 1.14900 T" because the Fibo that I draw on my MT4 the 50% = 1.15882

Thank you, and good work, I really appreciate the effort in your analysis, they are gold for me.
 

Sive Morten

Special Consultant to the FPA
Messages
13,939
Good morning, I have a doubt, I apologize if it is due to my lack of knowledge of the indicators used, on the daily chart we have "(1) 1.11680 T" which I think is a Fibo until 1.20105, and what I don't understand is the value of 50% of Fibo, "(5) 1.14900 T" because the Fibo that I draw on my MT4 the 50% = 1.15882

Thank you, and good work, I really appreciate the effort in your analysis, they are gold for me.

Hi Srodelo, "5" means not 50% but 5/8 Fib support. This is 0.618 level.
 
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