Trading Breakouts with FibonacciThe breakout market condition is one of the more exciting backdrops because, by definition, something relatively ‘new’ is happening. It can also be a favored strategy amongst forex traders because it can allow for outsized moves that may last for an extended period of time; potentially plotting for a price breakout to develop into a new trend … [Read more...] about Trading Breakouts with Fibonacci Retracements
Fibonacci
Fibonacci Trading, Analysis on Long-Term Charts
Applying Fibonacci Retracements to Long-Term ChartsTraders often stick with time frames associated with their respective strategies. For example, short-term traders often solely analyze short-term time frames. But, as discussed in our article on Fibonacci and multiple time frame analysis, traders can get greater perspective by looking at the bigger picture, employing multiple … [Read more...] about Fibonacci Trading, Analysis on Long-Term Charts
Fibonacci Scalping on Short-Term Charts
Scalping with Fibonacci Levels on Short-Term TrendsFor Forex traders who have chosen day trading and scalping as their preferred trading style, the correct timing of trade execution is crucial since profits are based off of short-term market movements. The Fibonacci retracement is a popular technical indicator commonly used for the identification of support and … [Read more...] about Fibonacci Scalping on Short-Term Charts
Fibonacci Confluence on FX Pairs
Talking Points:- As looked at earlier in this module, Fibonacci retracements can help traders to identify possible support/resistance. - We’ve previously discussed how a trader can use Fibonacci retracements on long-term-charts, and by focusing on multiple major moves traders may be able to glean confluent areas of support/resistance. This can provide multiple reasons for … [Read more...] about Fibonacci Confluence on FX Pairs
Fibonacci for a Multi-Market Trader’s Approach
FIBONACCI TALKING POINTS:- Fibonacci retracements can be applied to a variety of markets in the effort of identifying possible support or resistance levels. - In this article, we look at how traders that follow multiple asset classes can apply Fibonacci analysis to their charts, building on the previous article in which we investigated the topic of confluence with Fibonacci … [Read more...] about Fibonacci for a Multi-Market Trader’s Approach