Fibonacci and Forex Trading
Video:
The speaker discusses how to profit using fibonacci ratios in the forex market. There are two types of fibonacci's; fibonacci retacements and fibonacci extensions. Retracements will provide good areas of support on a pullback off a rally while fibonacci extensions help understand how to determine upside profit targets.
He walks through the preconditions required before you apply fibonacci analysis and walks through some live examples to illustrate his teachings.
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