Fibonacci Retracement Levels : 3 Important Entry Level

Fibonacci Retracement Entry Levels



Want to try put your entry at pullback?dont know how to draw fibonacci retracement strategy?

this is the tools that will help you in recognizing the best entry in forex pullback.

The tools that i use is Fibonacci retracement. There are 3 level that most of the trader try to look into.

Those level i called it as entry 1, entry 1 and entry 3 are the level that the normally price will make a pullback.you can look into entry zone to find the best entry.

This trade setup you will need to practice. 

Sometimes,all the entry are triggered. Sometimes only entry 1 is triggered.

The entry 2 and entry 3 are the best risk to reward ratio. Here i share with you on how to make money with Fibonacci retracement.


How to draw fibonacci retracement level in forex



How to draw fibonacci retracement level in forex


1.  Determine the major trend
2. Find High And Low of the market movement.
3. Drag Fibonacci Tools from 
  • high to low (uptrend) 
  • low to high (downtrend)

4. Set Limit order to the 3 level of fibonacci retracement.
5. Close partially when price hit target profit 1
6. Close limit order that is not triggered.




Time Frame Recommendation : Daily, H4 and Hourly




Fibonacci retracement levels


0.0 Stop loss

23.6 Entry 3
38.2 Entry 2
50.0 Enrty 1

100.0 Target Profit 1
161.8 Target Profit 2


see the video below to customize your fibonacci level in metatrader 4 platform.








Conclusion



This trading technique need your effort to practice forex market. What you need to know is to understand the trend movement. Understand the high and low. Know how to draw the fibonacci tools. 

Keep practice and practice.


Here got a Powerful Fibonacci Indicator. Set & Forget as easy as 1-2-3

It is really easy indicator as it will show you where to put your stop loss, where to set entry order and where to set your target profit.

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Fibonacci Retracement Level Example



How to draw fibonacci retracement level in forex

How to draw fibonacci retracement level in forex


How to draw fibonacci retracement level in forex


How to draw fibonacci retracement level in forex




How to draw fibonacci retracement level in forex


Fibo Machine Pro


How to draw fibonacci retracement level in forex



How to draw fibonacci retracement level in forex





How to draw fibonacci retracement level in forex



How to draw fibonacci retracement level in forex

Fibo Machine Pro


How to draw fibonacci retracement level in forex




How to draw fibonacci retracement level in forex




How to draw fibonacci retracement level in forex



Click the link For 

Powerful Fibonacci Indicator

Set And Forget. Easy As A-B-C









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pipsumo Traderfx

A forex trader who enjoy doing forex naked chart and make profit with forex expert advisor.Also enjoy to socialize with other forex trader in the world.