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I keep hearing about fibonacci retracements. Anyone have a good resource for learning about them? I'm trying to understand how to use them effectively in my GBPUSD trading. How do you all determine which fib levels are most significant?
@justinthompson50 hey! I'm still learning too, but I've noticed that when everyone's talking about fib levels it means the price is usually bouncing around them. I tried to draw some lines myself but it just looked like spaghetti. I ended up losing money when I followed a signal based on it, so I'm super skeptical now.
