Anbat
Long

USDCAD- FIB ARCS & FAN SAY...

FX:USDCAD   U.S. Dollar / Canadian Dollar
69 1 4
Wanted to introduce two new tools that you can utilize in your trading. You should use both Fib Speed Resistance Fan & Fib Speed Resistance Arcs together to find major areas of Support & Resistance areas on charts. Like most tools and indicator's they work better (less noise) on higher time frame charts.
Where both the Fib speed fan and arcs intersect on chart is where, you should look for major support and resistance areas to make new trade entries. You lower time frames to get better entry price's for any higher time frame trades. On USDCAD             30 mins chart you can clearly observe areas of consolidation and major support and resistance areas. This is what you should consecrate on, when using both Fib Arcs & Fans. Remember price action & money management.
Good Luck.
agreed :)
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