Fibonacci and targets forex

Posted on March 21, 2020March 21, 2020 by fxl fxl

One thing quite simple that may assist very newbie.
A standard technique of serving to our targets, utilizing pure fibonacci to make confluence.
In a universe of 100% with out having even made the statistics, however by expertise.
50% on course 161.8
30% 2,618
10% 423.6
5% 127.2
5% Others

Here’s a image of what to do.
Add 2 areas then %$ after the worth description in the fitting aspect half as u see right here .
Hope this helps .
Cheers,
georgeHooked up Picture

I separated a part of the weekly chart on the time of H4, left.
Discover that after passing the extent of 261.8, it solely went up
till the following fibo stage of 0.236.