How to Use Fibonacci Retracement Levels in Forex Trading
Fibonacci retracement is a popular technical analysis tool used by traders to identify potential support and resistance levels in the forex market. The tool is based on the Fibonacci sequence, a series of numbers where each number is the sum of the two preceding numbers. Fibonacci retracement levels are calculated based on the high and low points of a price movement, and they can be used to identify potential entry and exit points for trades.…