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Fibonacci Expansion Lines

{}Posted in2023/2/24 20:03:27 | 5Browse

Forex rebate for Exness Expansion L forexrebateses Using Fibonacc forexcashrebate Law to find targets is one of the uses of Fibonacci When in doubt, always keep in mind the "Rule of 22 for survival in Zombieland" This is your way out cashbackforexexness lets start with an example from an uptrend When in an uptrend, the most common idea is to take advantage of long-term trading through the Fibonacci series ForexrebateforExness. When in an uptrend, the most common idea is to trade through the Fibonacci sequence of cashback forexs to make gains over the long term. First, click on a significant swing low, then drag the cursor, then click on the nearest swing high. Lets go back to that example of the USD/CHF chart we showed in the previous lesson. After three trials with strong support from the 50.0% Fibonacci level, both finally resumed their uptrend. After the low appears: - Price climbs all the way up to 61.8%, which is closely linked to the previous swing high - It falls back to 38.2%, where it gets support - Price then goes up and finds a horizontal resistance of 100% - A few days later, price As you can see in this example, the 61.8%, 100% and 161.8% levels would all be profitable places to take profits. Now, lets look at the following example from a downtrend situation where the Forex market often gets horizontal support, the most common idea is to gain profit in short-term trading through the Fibonacci series. For example, we show you a chart of the 1-hour EUR/USD downtrend in the Fibonacci series course. Here we see a cross forming at the 61.8% Fibonacci level and then a jump from the sellers price, which brings the price all the way back down to the lows. After the retracement level, the price level reverses: - Price reaches the 38.2% level after gaining support - The 50.0% level serves as initial support and then becomes an area of gain - The 61.8% level also becomes an area of gain and then price retreats to the previous swing low - if you look forward, you will see that the 100% level also acts as a support level we can take profits at 38.2%, 50.0%, or 61.8% levels all of these levels act as support levels probably because other traders retain the same focus on these take profit levels these examples show that In the Fibonacci series levels, price finds some support or resistance - but not so much that the correct Fibonacci series can adjust your position to take profits and reduce your risk. Another problem is how to establish which swing low to use when creating Fibonacci extension levels One way is from the example we used to give of the last swing low and another is from the example of the lowest swing in the past Again, there is no one right way and only with a lot of practice will you make better decisions when you reach a swing point You will determine your direction by using the Fibonacci series in a way that you Determine how long this trend will last Later, we will teach you methods that can help you determine the trend