Tagged: fibonacci retracements

How to Draw and Use Fibonacci Retracement Levels

I am mostly just going to go through how to identify the Fibonacci retracements over charts in Forex, how to use them to your advantage and how it makes it easy to define some support and resistance levels in the market. Fibonacci tools are widely used, even by the best traders out there. The important Fib levels for me are 38.2% and 61.8%...