Advanced Fibo levels-forex pending order ea


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Advanced Fibo levels

Fibo levels are one of the most important tools in technical analysis. They are used to identify potential support and resistance levels, and can be used to predict future price movements.

There are several different types of Fibo levels, but the most common are Fibonacci retracement levels and Fibonacci extension levels. In this blog post, we will take a closer look at both of these types of Fibo levels and how they can be used in your trading.

Description forex Advanced Fibo levels

Fibonacci retracement levels indicate potential reversal points in the market. They are based on the Fibonacci sequence, which is a series of numbers where each number is the sum of the previous two.

The most popular Fibonacci ratios are 23.6%, 38.2%, and 61.8%. These percentages can be applied to any time frame, whether it’s an hourly chart or a weekly chart.

When these ratios are applied to price charts, they create horizontal lines that can be used to identify potential support and resistance levels. These levels are important because they can help traders find entry and exit points for their trades.

In addition to the Fibonacci ratios mentioned above, there are also other important levels such as the 50% level and the 100% level. The 50% level is often used as a confirming level, while the 100% level is typically seen as an extension level.

The Advanced Fibonacci Levels tool allows traders to quickly and easily identify these important support and resistance levels on their charts. This tool can be used on any time frame, making it a valuable addition to any trader’s toolbox.

Review forex Advanced Fibo levels

The advanced Fibonacci levels are:

-61.8%

-50%

-38.2%

These numbers are derived from the Fibonacci sequence and indicate levels of support and resistance.

The 61.8% level is considered the strongest of the three, followed by the 50% level. The 38.2% level is considered the weakest of the three.

The advanced Fibonacci levels are important because they can help traders identify potential areas where a currency pair may reverse direction.

Traders who use Fibonacci levels often place orders at these levels, or look for price action signals near these levels that could indicate a reversal is about to take place.

Trading results with Advanced Fibo levels

If you are looking to improve your trading results, consider using Advanced Fibonacci levels. Fibonacci levels are powerful tools that can help you identify key support and resistance levels, as well as potential entry and exit points.

Advanced Fibonacci levels go beyond the standard Fibonacci levels of 23.6%, 38.2%, 50%, 61.8% and 100%. These additional levels can provide you with a more accurate picture of market activity and help you make better trading decisions.

Some of the most important Advanced Fibonacci levels include:

38.6%

50.0%

61.8%

78.6%

These levels can be used in conjunction with other technical indicators to give you an even better idea of what is happening in the market. If you are new to using Fibonacci levels, be sure to do some research and practice using them in a demo account before putting real money on the line.

Free Download Advanced Fibo levels

If you are looking for an advanced Fibonacci trading levels indicator, you can download it for free here. This indicator is perfect for those who want to take their Fibonacci trading to the next level. The Advanced Fibonacci Levels Indicator shows you not only the usual Fibonacci retracement and extension levels, but also the more important “hidden” Fibonacci levels that are often overlooked by traders.

In addition, the indicator comes with a built-in alert system that notify you whenever a important Fibonacci level is reached. This way, you will never miss a trade opportunity again. So if you are serious about your Fibonacci trading, then this is the indicator for you.

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