Fibonacci golden Zone Indicator

Fibonacci golden Zone Indicator

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Salepage: Fibonacci golden Zone Indicator

This is one of the greatest but most wonderful tactics that only a skilled trader can understand and perfect. Few people are aware of this expert Fx trading approach, which is unknown. Let’s first review some fundamentals of Fibonacci trading.

Basic Trading using Fibonacci
For the lowest and highest market values from the previous day, first draw a Fibonacci. After that, you may execute trades using the fundamental Fibonacci pre-rules.

Buy
The following set of pre-rules are used when a market advances from the top of the Fibonacci scale from 0 to 1, and they typically result in profitable trades.
0.236 – Buy
Target: 0.382
Reversal at 0.500, Buy at 0.618, Target at 0.764

Sell
Trading is based on the set of pre-rules below when a market swings from the Fibonacci top from 1 to 0, and these rules typically result in profitable trades.
0.500 – Reversal 0.764 – Sell 0.618 – Target 0.382 – Sell 0.236 – Target
Let me now explain the three-day average fibonacci trading strategy. It is the greatest professional FX trading method that has yet to be disclosed.

To use the three-day average Fibonacci method, draw a Fibonacci for the three-day high and low. Now you can execute profitable trades based on the three-day average, Fibonacci’s prediction of market movement, and maintaining caution when it comes to breakouts and market reversals.
The true technique is to utilize a three-day average to get a good sense of market movement and to know when to start a trade and when not to. This may greatly assist skilled traders in making the finest transactions while limiting their losses.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

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