Fibonacci Rechner forex
Why Do Traders use, fibonacci, retracements? The image above shows an example of how to take the edges of a swing. The blue line indicates the swing points we take as a base. For uptrends, do the opposite. Below is a 4-hour chart of EUR/USD. Clearly, buying at the.2, fibonacci level would have been a profitable long-term trade! A quick way to remember the Fibonacci Extension levels is by taking the major Fibonacci levels (23.6,.2,.0, and.8) and adding 100 to them. Trading Fib Extensions in Forex Now lets discuss how using Fib extensions can be a profitable way to approach the market. You can always set a minimum target at the next Fibonacci extension. And every number get closer and closer to the.6 of the number three positions to the right.
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