FIBONACCI IN THE FOREX MARKET – Analytics & Forecasts – 24 January 2023
Forex traders utilize Fibonacci retracements to aid in identifying possible key levels of support and resistance. These levels are used as guidelines for traders looking to enter or exit the market along with appropriate risk management techniques. HOW TO CREATE A FIBONACCI RETRACEMENT ON A FOREX PAIR Before delving deeper into practical examples, traders need to have a […]
What is Fibonacci Retracement: Levels, Chart and Tools Explained
2023-01-04 2023-01-04 What is Fibonacci retracement? How to trade using this indicator? Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ Fibonacci retracement levels are the favorite technical analysis tool of swing and scalping traders. They are based on a harmonic mathematical sequence with the golden ratio. The Fibonacci retracement tool can track potential price reversal points during a correction and confirm […]