$BROCCOLI714
analysis with #Fibonacci🚀💰📈
Currency Futures Chart Analysis:
👑Trend: 📉 Downtrend 📉
📢 Entry Price: ➡️ Around 0.0315 (This area aligns with the 50% Fibonacci retracement level from a potential swing high around 0.03361 and a low around 0.02915)
➡️ Targets:
🌟 Target 1: 🎯 0.02995 (This is the potential 0% Fibonacci level and previous low)
🌟 Target 2: 🎯 0.02861 (This level is below the 100% extension, suggesting further potential downside if the downtrend continues)
🌟 Target 3: 🎯 0.02523 (Another potential support level below the 100% extension)
🫸Stop Loss: 🛑 Around 0.0325 (This is above the potential entry and the 61.8% Fibonacci retracement level, acting as a buffer against a reversal)
Fibonacci Analysis Notes:
⚡Potential resistance could be found around the 38.2% Fibonacci level (approximately 0.03085) and the 61.8% level (approximately 0.03191).
👇The 50% retracement level (around 0.03138) coincides with the suggested entry point.