We take care of Fibonacci pattern method, for forex
To use Fibonacci retracement levels in forex trading, a trader would first identify the high and low points of a recent trend. For example, if a currency pair has been moving higher, the trader would identify the highest point reached and the lowest point before the price started to rise.
Once these points have been identified, the trader would use the Fibonacci retracement tool to draw horizontal lines at the key Fibonacci levels, which are typically 23.6%, 38.2%, 50%, 61.8%, and 100%. These levels can help the trader to identify potential levels of support and resistance, which can be used to determine entry and exit points for trades.
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