FX:AUDCAD   Australian Dollar/Canadian Dollar
13 0 0
Hi, just wondering if what i have done was correct. Just recently only started to learn about Fibonacci.

If i'm not wrong, but do correct me if i'm wrong,
Point C will the the point where I have to open my position at that Price, while Point D will be the point where I have to Take Profit.

First Step will be Fib Retracement of XA to find the 0.618
Second Step will be using the Fibonacci Extension of XA to find the (1.272-1.414)
Third Step will be Point D at 0.786

Question:
I am not sure if the Fibonacci Retracement of XA, the Point of B must be between 0.382-0.618 or it just have to reach somewhere 0.618?

English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out