Fibonacci Speed and Resistance Fan is an analytical drawing tool used to indicate the support and resistance levels of an existing trend and the price level at which possible changes in the trend may occur. A Fibonacci Speed Resistance Fan consists of a trend line drawn between two extreme points - a trough and opposing peak or a peak and opposing trough - on...
Hello Dear Traders, here is the full Fibonacci Tool ( explained) Lesson Please Press Like and follow!! Conditions - 1.Wait for confirmation Before Entry ( @ 61.8 or 38.2) ** Whichever is lined better with Structure**. 2.Use Market Environment + Market Structure for entry. 3. Trade always using correct risk management! If your not sure? comment below and ill be...
GBPUSD Supply and Demand Levels, Retail Support + Resistance and Strong institutional order blocks with fibonacci levels
Traders, In this educational video, we see an example of predicting a Fibonacci confluence pattern (stepper M pattern ), planning our trades around it with entry and profit targets with high accuracy. This is indicator free analysis and I have used only standard fibonacci tool and a trend-line. Hope you will enjoy this and find this useful. Hit the like button...
This is how i learnt to use this valuable tool :)