July 14, 2020

### Selected media actions

5/11/ · The basis of the "golden" Fibonacci ratio of % comes from dividing a number in the Fibonacci series by the number that follows it. For example, 89/ = 12/20/ · This is a trend trading strategy that will take advantage of Retracement of the trend. Forex traders identify the Fibonacci retracement levels as areas of support and resistance. Because of this, these levels are watched by many traders which is why this strategy could be /5(52). A Fibonacci strategy for day trading forex uses a series of numbers, ratios and patterns to establish entry and exit points. We’ll explain how to use Fibonacci retracement levels and extensions to identify support and resistance areas, plus profit taking targets.

### The Fibonacci Numbers

5/11/ · The basis of the "golden" Fibonacci ratio of % comes from dividing a number in the Fibonacci series by the number that follows it. For example, 89/ = A Fibonacci strategy for day trading forex uses a series of numbers, ratios and patterns to establish entry and exit points. We’ll explain how to use Fibonacci retracement levels and extensions to identify support and resistance areas, plus profit taking targets. 12/20/ · This is a trend trading strategy that will take advantage of Retracement of the trend. Forex traders identify the Fibonacci retracement levels as areas of support and resistance. Because of this, these levels are watched by many traders which is why this strategy could be /5(52).