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Using fibonacci retracements

4.00 star(s) 1 Vote
J

junkmail

Member
hello everyone. i am wondering if anyone can help me.

my friend told me about using fibonacci retracements for my trading. is it any good and why does the fibonacci work?
 
you can use Fibonacci for detecting profit levels
and support and resistance levels
the best use of Fibonacci is to combine it with other trading strategies like trend following and harmonic trading
 
junkmail said:
hello everyone. i am wondering if anyone can help me.

my friend told me about using fibonacci retracements for my trading. is it any good and why does the fibonacci work?
Click to expand...
i suggest go watch some youtube videos , they can be very informative !
 

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