Fibonacci trading in Forex leverages the Fibonacci sequence to identify potential market reversal points. Key tools include Fibonacci Retracement Levels and Fibonacci Extension Levels, which help traders spot areas of support, resistance, and profit-taking targets. While effective in trending markets, Fibonacci levels are most powerful when combined with other technical analysis tools, such as candlestick patterns and trend lines. Though not infallible, Fibonacci trading can be a valuable component of a broader trading strategy, helping traders make more informed decisions.
Lesson 4 – Fibonacci Trading
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