Have you heard of Fibonacci Retracements? If not, that is okay, it is a tool used in Forex to enable the trader once a trend is identified to trade within that trend at almost the most high probability places.
It is common to have heard of this yet so many do not have an understanding on how to use.
In the below video I go over how to use this valuable for pin point accuracy and how you too can also make money simply by applying it in a similar way.
The Ratios in a retracement tool are many however in this post I am going to keep it simple, the ones you really want to focus on only are the magick yet alluring 50% to 61.8% retracement zone.. This is the most powerful continuation area in a downtrend and from the video you will see it live in action as well.
Above – This tool is available in all MT4 platforms near the top section.
By identifying these important zones one can continue trading within a trend and make a lot of money with very little risk as well.