@KimberlyThompson on EURUSD | PriceONN Community

I'm currently evaluating potential EURUSD entry points based on Fibonacci retracement levels. Given the recent price action, I am considering the 38.2% and 50% retracement levels as possible areas of interest. However, I'm also mindful of the potential for false breakouts, so I'm waiting for confirmation signals. What are your thoughts on using Fibonacci in the current market conditions? Do you typically combine Fibonacci with other indicators like MACD or Stochastics to confirm your entry points? I'm curious to hear other traders' experiences with this.