Fibonacci retracement level
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This document provides educational information about Fibonacci retracement in Forex trading, emphasizing the potential rewards and risks involved. It outlines three key Fibonacci retracement levels for entries, as well as methods for determining market trends and setting stop-loss and target profit levels. Additionally, the document encourages sharing analysis within a Facebook group to enhance collective learning among traders.
Fibonacci retracement level
- 2. Forex Tips & Trading Strategy For You Disclaimer This Document is for educational purpose only. By viewing this you agree that it is general educational material and you will not hold anybody responsible for loss resulting from the content provided by pipsumo website. Forex currency trading have large potential rewards but also large potential risk. Don’t put your Money that you can’t afford to loose.
- 3. What is Fibonacci Retracement? Fibonacci retracement level in forex technical analysis is the possibilities of the price make a retracement in market trending structure.
- 5. 3 Fibonacci Retracement Level • There are 3 entry entry level of fibonacci retracement level. • This entry level can be find using fibonacci tools. • The entry level are : – 50.0 Enrty 1 – 38.2 Entry 2 – 23.6 Entry 3
- 6. Fibonacci Retracement Entry Level 161.8 Target Profit 2 100.0 Target Profit 1 50.0 Enrty 1 38.2 Entry 2 23.6 Entry 3 0.0 Stop loss
- 8. Step To Trade Fibonacci 1. Determine Market Trending 2. Drag Fibonacci Tools From Point A to Point B 3. Entry at 3 Fibonacci Retracement Levels. 4. Stop loss at 0.00 5. Target profits 100.0 and 161.8
- 9. Retracement Area Market Trending Uptrend Retracement Area A B 23.6 38.2 50.0 100.0 161.8 0.0
- 12. • Click Here to see 12 more example • You can use H1 and H4 time frame to make this fibonacci analysis. • Always refer to the trend of market trending • If market trending uptrend, just looking for buy opportunity. • If market is trending downtrend, just looking for sell opportunity.
- 13. Share Your Analysis • Share your fibonacci retracement analysis into facebook group below. • Together we learn how to trade fibonacci retracement level. • Each trader share 1 fibonacci analysis. • If 1 group consist of 100 trader, we have 100 forex analysis.
- 14. Join Facebook Group Analysis Click Here To Join Group Forex Analysis And share your fibonacci analysis here. facebook.com/groups/751473471630459
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