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Tag Archives: Fibonacci retracement

How to use the Fibonacci retracement in forex trading

  The Fibonacci retracement is considered a predictive technical indicator that can help investors gauge future levels of a currency pair after a sharp increase or decrease in price. More specifically, plotting the lines of the Fibonacci retracement on a chart can help traders find points of support and resistance on which to place stop-loss and take-profit orders. The Fibonacci retracement is popular among forex traders, and when used in …

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