📍 What Are Fibonacci Retracement Levels?
Fibonacci retracement levels—stemming from the Fibonacci sequence—are horizontal lines that indicate where support and resistance are likely to occur.
Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and...
‼️ Forex traders use Fibonacci retracements to pinpoint where to place orders for market entry, taking profits and stop-loss orders. Fibonacci levels are commonly used in forex trading to identify and trade off support and resistance levels. After a significant price movement up or down, the new support and resistance levels are often at or near these trend lines...
Traders, In this educational video, we see an example of predicting a Fibonacci confluence pattern (stepper M pattern ), planning our trades around it with entry and profit targets with high accuracy.
This is indicator free analysis and I have used only standard fibonacci tool and a trend-line. Hope you will enjoy this and find this useful. Hit the like button...
Traders, in this short analysis, I show how to draw Fibonacci ratios to predict market movements and plan trades. We also look at how we plan to execute these trades for best R:R.
Hit the like button if enjoyed this analysis and found it useful. Thanks!
GBPUSD has been consolidating and creating harmonic patterns and Fibonacci confluences. Trading consolidation does not have to be boring. All we need is the just the knowledge of Fibonacci ratios and harmonic patterns
Hi Traders, In this video we will look at How To Plan Plan A Trade With Fibonacci Ratio Confluence. Fibonacci ratios are most powerful tools with they are used in right manner. We can use them in all sorts of market conditions and asset classes. Fibonacci confluence creates harmonic patterns and gives us very good reward risk ratio. The best thing is the...
Trading Consolidation Profitably In Forex Markets With Fibonacci and Harmonic Patterns (A Fibonacci Confluence Tutorial)
Hi Traders, In this videos we look at how to trade consolidation periods profitable using fibonacci and harmonic patterns. Apart from using support and resistance, trend lines and channels, we can use the power of fibonacci ratios. Best thing...
GBPUSD Consolidation Gave Some Of The Best Trading Opportunities
1. Most of impulse legs had 50 or 61.8 retracements
2. These led to 1.618 Fibonacci Extensions and confluences with 0.886 generating harmonic patterns
3. Usual targets for all these patterns have been at least 38.2 Fib levels.
This is a 1-hour chart of BTCUSD on Bitstamp.
From the high this past July to the current price, it is clear that price is pivoting back and forth between key levels.
Those key levels are:
- 0.382
- 0.5 (not a Fib level but still a useful level of support/resistance)
- 0.618
- 0.786
- 0.886
From the Fib off of the high around $13.9K to the low around $9K,...
EURUSD / 15 minutes timeframe / an example of a high-potential reversal zone created by fibonacci based-pitchforks and fibonacci levels.
How did I get this?
Two best-fit pitchforks (yellow and orange pitchforks) that have their three respective validated hits on their median line, upper parallel and lower parallel were drawn. The Swing Highs and Swing Lows of...
USD/JPY - H1 - 2618 Trade Explained
Having had a double top and now approaching a retracement back into the 61.8% Fib level, we can now look for reasons to short the USD.
Unlike patterns we can't just place BUY or SELL orders in advanced.
Once we have completed the rules of engagement below, we are looking for confluence within a certain area that all...
