🔥 Hello! Catch
AUD/NZD Signal
Market Sell: 1.09330
Stop-Loss: 1.09930
Target 1: 1.08400
Target 2: 1.07400
Stop-Loss: 60 pips
Risk: 0.5
Risk-Reward: 3.22
AUD/NZD Signal
Market Sell: 1.09330
Stop-Loss: 1.09930
Target 1: 1.08400
Target 2: 1.07400
Stop-Loss: 60 pips
Risk: 0.5
Risk-Reward: 3.22
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Hello, traders 👋
In 3 posts in a very simple guide I will explain the proper way to use the Fibonacci Retracement tool
So what is the Fibonacci Retracement?
Fibonacci Retracements are a set of 'ratios', defined by mathematically important Fibonacci sequence. This allows traders to identify key levels of support and resistances for price action. Fibonacci retracements are FIXED, making them very easy to interpret.
When combined with additional indicators, Fibs can be used to identify potential entry and exit points with high probability to trade on trending movements.
Also Fibs are used to indicate levels of support and resistance for a stock’s price. Although they are similar to moving averages in this respect, Fibs are set by the extent of the previous bullish or bearish run and do not change each day in the current trend as moving averages do.
Therefore, it can be significantly easier to identify and anticipate support and resistance levels from Fibonacci sequences.
In 3 posts in a very simple guide I will explain the proper way to use the Fibonacci Retracement tool
So what is the Fibonacci Retracement?
Fibonacci Retracements are a set of 'ratios', defined by mathematically important Fibonacci sequence. This allows traders to identify key levels of support and resistances for price action. Fibonacci retracements are FIXED, making them very easy to interpret.
When combined with additional indicators, Fibs can be used to identify potential entry and exit points with high probability to trade on trending movements.
Also Fibs are used to indicate levels of support and resistance for a stock’s price. Although they are similar to moving averages in this respect, Fibs are set by the extent of the previous bullish or bearish run and do not change each day in the current trend as moving averages do.
Therefore, it can be significantly easier to identify and anticipate support and resistance levels from Fibonacci sequences.
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TARGET Trading Signals
💵 CAD/CHF spot 👇👇👇 Market Buy: 0.66030 Stop-Loss: 0.65430 Target 1: 0.66730 Target 2: 0.68000 Stop-Loss: 60 pips Risk: 0.5 Risk-Reward: 3.28
📈CAD/CHF: A good example of a false breakout!
False breakout of the trend occurred at the moment of news release. Unfortunately, the volatility was too high and our SL reserve was not enough 😕
Nevertheless, the forecast is correct and if you didn't use SL and stayed in the trade, ☝️ I recommend you to continue holding and place SL at 0.65700
False breakout of the trend occurred at the moment of news release. Unfortunately, the volatility was too high and our SL reserve was not enough 😕
Nevertheless, the forecast is correct and if you didn't use SL and stayed in the trade, ☝️ I recommend you to continue holding and place SL at 0.65700
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🚨 USD/CHF Signal
Market Buy: 0.91230
Stop-Loss: 0.90630
Target 1: 0.91800
Target 2: 0.93000
Stop-Loss: 60 pips
Risk: 0.5
Risk-Reward: 2.95
Market Buy: 0.91230
Stop-Loss: 0.90630
Target 1: 0.91800
Target 2: 0.93000
Stop-Loss: 60 pips
Risk: 0.5
Risk-Reward: 2.95
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Spoiler: you don't need to calculate it yourself - it's already done for you
Fibs are based on what is known as the 'Fibonacci sequence', where each number in the sequence can be added to the previous number to produce the following number within the sequence.
You don’t need to personally calculate the actual sequence of the Fibs, as everything is already pre-determined and calculated within the tool itself (on TradingView, for example). To put it simply, dividing any number in the sequence by the following number yields 1.6180 – known as the "Golden Ratio" – while dividing any number by its predecessor yields 0.6180. Dividing any number in the sequence by two positions in advance yields 0.382, while dividing any number by a number three positions in advance yields 0.236.
These ratios originated from the Fibonacci sequence are found throughout nature, mathematics, and architecture.
Fibs are based on what is known as the 'Fibonacci sequence', where each number in the sequence can be added to the previous number to produce the following number within the sequence.
You don’t need to personally calculate the actual sequence of the Fibs, as everything is already pre-determined and calculated within the tool itself (on TradingView, for example). To put it simply, dividing any number in the sequence by the following number yields 1.6180 – known as the "Golden Ratio" – while dividing any number by its predecessor yields 0.6180. Dividing any number in the sequence by two positions in advance yields 0.382, while dividing any number by a number three positions in advance yields 0.236.
These ratios originated from the Fibonacci sequence are found throughout nature, mathematics, and architecture.
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🚨 EUR/USD Signal
Market Buy: 1.07720
Stop-Loss: 1.08320
Target 1: 1.07000
Target 2: 1.06070
Stop-Loss: 60 pips
Risk: 0.5
Risk-Reward: 2.75
Market Buy: 1.07720
Stop-Loss: 1.08320
Target 1: 1.07000
Target 2: 1.06070
Stop-Loss: 60 pips
Risk: 0.5
Risk-Reward: 2.75
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