Trading Talk

Daily Fibonacci Levels

Hi Traders,

In today’s episode of Trading Talk, we delve into a potent trading approach utilising Fibonacci Levels.

Our focus is on a daily Fibonacci strategy shared by one of our clients.

We’ll examine the identification of daily candles forming higher highs and the subsequent retracements to Fibonacci levels based on the current daily candle.

The strategy centers on entering at the 61.8% level, with a stop loss set at 20% and a take profit aimed at four times the stop loss.

Despite the perceived complexity of Fibonacci levels, we’ll simplify them into actionable steps, ensuring you grasp how to implement this strategy effectively in your own trading endeavours.

Why wait? Get started today. Sign up for an account today with the Trade View Forex broker www.tradeview.tech and start creating your own automation.

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