AUTO-FIBO-TECHNICAL INDICATOR:
CATEGORY: MT5 INDICATOR:
As part of a trading strategy, the indicator is used by traders to predict potential entry and exit points and whether you should go long in the market or should sell or short sell for that matter. As a trader, you can expect that most probably, prices will reverse toward the trend direction once they reach certain Fibonacci retracement levels.
The Fibonacci retracement indicator can provide the best results when it is a part of a trading strategy composed of multiple indicators. Use the Fibonacci retracement together with other tools and indicators such as candlestick patterns, oscillators, moving averages, RSI, price action levels, etc.
CATEGORY: MT5 INDICATOR:
As part of a trading strategy, the indicator is used by traders to predict potential entry and exit points and whether you should go long in the market or should sell or short sell for that matter. As a trader, you can expect that most probably, prices will reverse toward the trend direction once they reach certain Fibonacci retracement levels.The Fibonacci retracement indicator can provide the best results when it is a part of a trading strategy composed of multiple indicators. Use the Fibonacci retracement together with other tools and indicators such as candlestick patterns, oscillators, moving averages, RSI, price action levels, etc.
