In 1 day chart there is down trend and draw fibbos fan high 1.4879 and low is 1.2230,
look at the chart fibbos fan at 78% retracement it is 1.3900( usually it retrace here), that is the trend will retrace upto that price and go down , but its highest retracement is 84% , if price goes beyond this limit the trend will change.
look 4hrs chart,
Here trend is down, high is 1.3695 and low is 1.2764, fibbos fan at 61.8% retracement is 1.3252 and 78% 1.3450,84% 1.3520, so price will retrace maximum 1.3520, if goes beyond that limit trend will change.
here we see price goes down at 61.8% retracement.
Most important in fibbos fan where two line cross is the maximum resistance or support.
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