How to Use Fibonacci Retracements With Price Action

Want to learn how to use Fibonacci retracements? In this video, I show you step-by-step how I use the Fibonacci retracement tool with Forex price action to find the best support and resistance levels.

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Using Fibonacci retracements with price action:
https://dailypriceaction.com/blog/fibonacci-retracement-levels-price-action
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The Fibonacci retracement tool is the only thing I use outside of price action and two moving averages.

However, I don’t use it as a standalone tool.

I use Fibonacci levels in the market to help confirm the levels I draw manually.

I also use the tool to identify areas I might have missed.

Although not a true Fibonacci number, the 50% level is perhaps the most important as markets love to retrace 50% of moves.

Just remember to always draw your levels from left to right.

That goes for both uptrends and downtrends.

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Видео How to Use Fibonacci Retracements With Price Action канала Justin Bennett