A very successful traderlearnt me there is two unknown levels in Fibonacci that are deadly accurate to spot reversals. The ,786 and the ,886.
I tried them and I have to admit they are now my favorite levels. Do not ask me why they work, or what is the mathematical correlation I do not know. I just know they work.
Here under is an example on NJ. Of course we all know that in forex you will always find a chart to prove even the most stupidest idea. So do not believe me, but try and input those level on your Fib indicator and check yout charts for yourselves. Then you ll decide whether to keep them or not.
And as usual trade safe,
