Fibonacci strategies and secrets
Ther must be a visible trend otherwise FIB levels woud not have a meaningfull impact on price, FIB condition Trend and momentum, focus on trend and momentum, use the logic price swings for placing the fibonacci tool
Do not use the fibonacci retracement tool on very small price moves or shortet time frame, applying fibonacci retracements over a short timeframe is ineffective. the shorter the timeframe, the less reliable the rretracement levels.
Distance between retracement levels is very low when FIBS are applied on small price moves. (6 PIPS distance- 8 pips distance). Higher take profit focus on larger time frames when you apply fibonacci levels. Fibonacci retracements were applied on a large swing on H4 time frame.
Draw Fibonacci Retracements
- Deternibe the dominant rend
- identify the swing high and swing low before drawing
- draw the fibonacci tool from the wicks of the swing highs and lows
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
