FIBONACCI RETRACEMENT LEVELS

Using Fibonacci retracement indicators on a graph is an excellent way to show Fibonacci levels.Applying Fibonacci retracement is not difficult at all. In this lesson, we will show how to draw FIBS in easy steps.Utilizing Fibonacci Forex retracement ratios as a support/resistance indicator can be a simple, useful tool.

This lesson on Fibonacci Retracement will illustrate how to find minor support/resistance points which a trader may not see in a higher time frame.The FX Academy recommends utilizing multiple time frame analysis in intervals of approximately 4X shorter and/or longer, for example 1 Day, 4 Hour and 1 Hour charts of the same pair or cross, together at the same time.

Using Fibonacci retracement indicators on a graph is an excellent way to show Fibonacci levels.Applying Fibonacci retracement is not difficult at all. In this lesson, we will show how to draw FIBS in easy steps.Utilizing Fibonacci Forex retracement ratios as a support/resistance indicator can be a simple, useful tool.

Pivot Points are objectively calculated price levels that are derived from previous prices. They are widely used in the expectancy that these levels will act as S/R.
Daily Pivot points are calculated from the previous day's prices, and are widely used by day traders. Monthly and Yearly Pivot Points are calculated from the previous month and year's prices, and tend to be used by longer-term traders.
In this lesson, we will learn how Pivot Points are calculated, and how to use them.