Fibonacci retracement levels have become one of the main tools for the modern chartist and included in all popular trading platforms.
Analyst’s plot the key Fibonacci retracement levels of 76.4%, 61.8%, 38.2%, 23.6%, and 50% to determine entry points either for shorts or longs and they can also identify levels for taking profits and for stop-loss orders.
Watch our video below and learn the following:
[vc_video link=”https://youtu.be/I6qb6Fb_iFc”]