So for example this is whats called our impulse move. So we start with a major low on the chart, going to a major high, and it draws retracements back in the direction of the movement.
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Happy Profit and stay tune! Those interested in Fibonacci Forex trading strategies that work also showed in interest in this video: subscribe to my Channel for notifications when my newest free videos are released by clicking here. The methodology works well on all the different time frames and can be used for day trading, swing trading and position trading. Using multiple time frames FOR your fibonacci forex strategy. Please PAY IT forward BY sharing this video article ON facebook OR twitter by clicking one of the social media share buttons above, or at the very bottom of this article. And so kind of has a self-fulfilling prophecy, and a lot of people use these retracement levels. In other words, really Fibonacci extension is often used for profit targets. Once you do that, Ill personally send you an email with first video. Its just purely the fact that a lot of people use these techniques and they have a self-fulfilling prophecy because these are the levels where masses of market participants are looking to buy and sell. Were going to combine 2 different Fibonacci strategies on 2 different time intervals. So if I go back, you see the blue line there. And these lines, they go before that, thats the one we drew from our 60 minute chart, the retracements.
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