Fibonacci Trading Strategy
Fibonacci Trading Strategy – Complete study In this article, I am going to discuss Fibonacci Trading Strategy – Complete Tutorial with Real-Time Examples. What Fibonacci retracement levels should I use? Should the price touch the retracement levels? What confluence factor to check for more reliable entry? How to take entry (aggressive /conservative/safe entry)? Where to put the stop loss-based Fibonacci retracement ratio? Where to take profit based on Fibonacci? Trailing stop loss and profit booking method based on the Fibonacci extension tool You will find some answers to the following common question related to Fibonacci trading Does Fibonacci work in trading? How successful is Fibonacci trading? What is 61.8 Fibonacci? What is the best time frame for Fibonacci? Introduction to Fibonacci vs any other indicator Moving average trend following system vs Fibonacci trading system. The initial trader bases his choices on a trend-following strategy. He is employing two 9- and 21-peri...