Price Action With Fibonacci Part 2 by Solomon Chuama
Combining price action with Fibonacci levels is simple but powerful. Here’s how to unleash the potential of these levels.
Many traders, especially forex traders, keep an eye on support & resistance levels to place their buy & sell orders. But let’s see how to best use the Fibonacci retracement levels as potential support & resistance levels.
USING THE FIBONACCI TOOL
Fibonacci tools-I call them Fib tools-work well when a market is trending. But before making your entry & exit decisions using these tools, you need to find the retracement levels...