Fibonacci trading strategy

Fibonacci trading strategy Fibonacci Trading is a great Forex strategy when using it alongside a price action trading strategy. Find out how Fibonacci trading can take your Forex trading to another level. In this video I will discuss the importance of Fibonacci Retracement I will show you my trading strategy based of Fibonacci Retracement along with the AB=CD pattern formation. The ‘Fibonacci indicator’ Forex trading strategy is one of the most well known and commonly used long term Forex trading strategies. This method relies on what is called a ‘Pullback’ and to fully understand how it works we must discuss the more fundamental concept ‘the trend’. When we look at each price change individually it is very hard to explain them and find a pattern as there are so many of them. Looking at the bigger picture allows us to see trends on a larger scale. The Fibonacci ratios are the lines drawn on the chart above. By examining how far the pullback has reached on the Fibonacci scale we can determine whether the price will pull back up again or turn into a bearish trend. As long as the price remains above the 61.8% line we can expect the trend to rise back up indicating a pullback. Once the price crossed the 61.8% line we must treat it as a start of a bearish trend which would indicate that it is time to close the position. For example, in the chart above the pullback forms a bottom at around the 50% Fibonacci marker. This indicates that the price will most likely rise and the overall upward trend will continue. Like My Facebook Page: https://www.facebook.com/forextradingeducationfree Tags how to trade with fibonacci levels, how to trade with fibonacci retracement, Fibonacci trading strategy, fibonacci trading, fibonacci secrets, fibonacci retracements, fibonacci patterns, learn fibonacci fibonacci forex trading strategy,fibonacci trading system,how to trade fibonacci in forex,fibonacci trading techniques

Comments

1. Well presented my friend d cheers n happy trading always
2. thank you for your great and hard work!
3. This is good video , I have use this stretegy on usd/max , made some pips , thanks Aftab Bhai .
4. this is great strategy for all begnnir.
5. nice
6. LOL dude with the shades is hilarious
7. Hi Mr Khan , that last trade long I don't know why you took a lost because you say that you enter 2 lots and close 1st at 100% and move your stop to break even , aren't you following your system ? but never the less it's a great system