Trading with Fibonacci and Trend Line

This trading strategy can be used with any Market (Forex, Stocks, Options, Futures). In our example we are going to be using Forex currency trading.

It can also be used on any time frame. (1 day, 4 hour, 1 hour, 15 minute, ect.)
This is trend trading strategy that will take advantage of retracement of the current trend.
Forex traders identify the Fibonacci retracement levels as areas of support and resistance. Because of this, the levels are watched by many traders which is why the this strategy could be a difference maker to your trading success.
SInce we know some information about the Fibonacci Retracement let’s look at the rules of the Fibonacci Trend Line Strategy.


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