Problem with Fibonacci trading

Jixo man

Trader
Jul 26, 2020
46
1
14
Good evening trader's. Ok for the pass two days, I have been studying Fibonacci trading strategy. It so fasinating not I am kinda stuck on chapter of the book I am using. The author talk about price projection, where you substrate a previous swing high from the current swing low to get the nearest or resistance in the making. But he uses stock for his expalse. Those anyone know how to do it on forex..
 

Attachments

  • Screenshot_20200802-225232.png
    Screenshot_20200802-225232.png
    71.4 KB · Views: 4

Etrader4L1fe

Trader
Aug 3, 2020
2
1
8
54
Fibonnaci is great tool if used correctly. There are a set youtube videos that can help simply what you are reading. Market traders institute youtube videos on fibs are the best I've seen. They show the proper usage and even have it on trading view called smarttrader (google it). I think that should provide some help.
 
  • Like
Reactions: Jixo man