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"Fibonacci Retracement Trading Strategies"

The Fibonacci sequence (simply called Fibonacci) is the term used when referring to a mathematical sequence of numbers

According to the rule of the sequence, all subsequent numbers will be the sum of the two numbers that preceded it (the sum of the two previous numbers).

Fibonacci has become a powerful tool in Forex and other CFD trading. Fibonacci levels are used in trading financial assets such as Forex, cryptocurrencies, stocks, futures, commodities and more. The Fibonacci levels, with the help of its retracements, targets, and extensions, are one of the best tools to use in technical analysis. The strong support and resistance levels (swing points) on the Fibonacci are exact and easy to find.

In general, Fibonacci offers clearly defined entry and exit points. As we go through in this post, the Fibonacci tool can be used to help you both find high probability trades and also where you can take profit from the market.

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