Using Fibonacci Fans in Trading
6:35 AM
Posted by Trading Lectures
One of the Fibonacci trading tools is Fibonacci Fans .. the concept behind this tool is that price trends to move in a diagonal manner not in a sharp up and down movements ..
Fibonacci Fans is used as a method to determine Support and Resistance Levels which become more important when it intersect with another kind of support & resistance zones like previous Highs & Lows or big Round Numbers ... etc.
The following two short videos will show you how to draw and trade Fibonacci Fans on real chart examples ..
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Fibonacci Trading
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