How to Identify New Market Moves on Forex

FOREXCOM:EURUSD   Euro / U.S. Dollar
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Fibonacci arcs are half circles that extend outward from a line connecting a high and low, called the base line. These arcs intersect the base line at the 23.6%, 38.2%, 50%, 61.8%, and 78.6%. Fibonacci arcs represent areas of potential support and resistance .

Fibonacci arcs are typically used to connect two significant price points, such as a swing high and a swing low. A base line is drawn between these two points and then the arcs show where the price could pull back to, and potentially bounce off of.

We will be working on New Trading Conception in Forex

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