The chart below show sample trades using Fibonacci retracement. GBP/USD was going on an up-trend from November 2003. During an up-trend, traders would look for pullback and buy in. In january 2004, GBP/USD reached its first top at 1.8580 and started pullback. The pullback was until 1.7820 which was the 38.2% retracement of the up-trend. A Buliish engulfing pattern at the 38.2% retracement level confirmed the pullback. The trend resumed its upward momentum and reached 1.9140 in February.
After reching the historical high at 1.9140, GBP/USD reversed its direction and started a downtrend in February 2004. It reached 1.7905 as an intermediate bottom. The price then rebounded. Traders would look for sell at rebonce. The price rebounded twice up to 50% retracement of the downtrendd they were confirmed by bearish engulfing pattern of the candlesticks.
The Fibonacci retracement can be uses in both bullish (up-trend )and bearish (down-trend) markets. Traders should look for retracement levels and use them with candlestick patterns to confirm the trades.
Last edited by akash4u4ever; 06-13-2016 at 11:20 PM.
Fibonacci buhat acha tool ahy forex main buhat say indicators hain jsi say ham analysis main helplay sktay hain or is main ham movinavrg ko bhi consder kar skaty hain or bhi buhat say indicators hain . Lakkin kuch logogn ka kahayal hay kay ye sab forex main trape hay chotay traders ko pphansanay kay kiye
Dear mere khayal se hum fibonacci trading se ak next step k liye apna ak example bana sakte hain ic se hum ak andaza laga sakte hian kh market kahan tak jay gi aur kahan se kahan tak more se more ja sakte hian aur aise hi hum apna ak target easily achieve kar sakte hain ya apne account ko easily save kar sakte hian bus ic humein kafi fiada ho sakta ha.
Fibonacci numbers are really important because they are very popular among the researcher so this is very important in forex market as well and it has its own importance as far as the technical analyses concerned and there has been seen that many times the market tested at the important Fibonacci levels time and again
Fibonacci is really what makes us understand some of the best issues for the same work for the same. Fibonacci mathematics is really importqnt for the right efforts that we work with it we need to pull ,the best pf informations that we work for there is a lot of good issues that we as market traders should be able to trade forex with the best issues. alwyas retrace upto 50% its important to work with some of the best issues seen
Fibonacci numbers are very important because they are often an analyst, so it is very important that the Forex market and the meaning and scope is the expert and saw that several ways is the Fibonacci levels significantly more testing
bhot he achi information share ki hai meray khyal say is cheez k baray me kafi saray traders ko b malom nahi tha or aj is wakat is trading me yeh kam hume sikha chuka hai or samjha chuka hai jiss ki badolat her kam hume dair tak le kar barhnay me samjhdari say kam ko bata chuka hai hamesha ka he kam hona zrori hota hai.
well bro fibonacci trading is good but the first thing is that you have to be careful for that or you have enough knowledge that you can handle this strategies according to my information you have to learn it by some professional trader then you can able to use this strategy
Yes you are say the right and i am agree with you. In my thinkig that the Fibonacci is a very important indicator. I think that we are under stanf the Fibonacci. Then we are able to find out the support and resistance level. We ca take the entry point.
Fibonacci is a good indicator this is a built in indicator we all know about it. But we don't know how to use it properly. If we can use this indicator properly then we can get a good advantage of the indicator. In our meta trader we so many good indicators but we don;t know the right use of it.
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