Good morning Jetheat, thankyou for the daily charts.
I trade both these pairs and use fib. retracement alot.
I have a rule that the start and finish of the large swing fib. must be proper traded, not spike downs to
take stops out.
Before anyone says this is curve fitting and hindsight, it works for me.
With Euro i start at 3095 low of day to your high, so yesterday it hit the 50% and bounce off.
With GBP i start at 9068 which is the lowest price traded before the news causes the price to spike down
This gives a good fib. retrace at 78.6%.
I hope this helps and doesn't confuse people.
I like your charts they're great and clears up the use of fib for me.
I mainly trade cable using 15min/5min/1min.
I'm unsure what time your posting these charts as it doesn't look like GMT time, but I trade from 7:30GMT till 14GMT.
BTW - Your 15min chart, I went short after the break in the neckline @ 1.9219, so it was the right call.
mofo,
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