Fibonacci Retracements

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Fibonacci levels work consistently on forex markets because they are watched closely by forex traders. The man levels to watch are:

The market will typically retrace after a strong move before continuing .The market won't always hit these levels exactly. Use the Fibonacci drawing tool on the charts and measure from point 1 to point 2.

The market will typically retrace after a strong move before continuing .The market won't always hit these levels exactly. Use the Fibonacci drawing tool on the charts and measure from point 1 to point 2.

Candlestick patterns are most reliable near fibonacci lines and other support and resistance lines. Candlesticks are also good for sgnating the end of a retracement.

Double tops and double bottoms often appear at Fibonacci levels eg. 61.8% retracement or the 1.382% extension.

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Basics Of Forex

Basics Of Forex

Insider Techniques To Profitable Forex Trading. In any business or moneymaking venture, preparation and foreknowledge are the keys to success. Without this sort of insight, the attempt to make a profitable financial decision can only end in disaster and failure, regardless of your level of motivation and determination or the amount of money you plan to invest

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