Fibonacci trading strategy: what it is and how to use Fibonacci retracements in Forex
Tools derived from the Fibonacci number sequence are among the most effective in Forex technical analysis. This is unsurprising, as they can show key inflection points where the price is likely to reverse. Forex Fibonacci levels are widely used by retail Forex traders as well as by traders at major banks and hedge funds. The article explains how to use Forex Fibonacci retracements in your trading. We'll explore the origins of the numbers and show you how to apply Forex Fibonacci levels to your charts.
30 Mar, 2018
6-min read