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fibonacci from a practical perspective

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majaimes

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after 3 years of experience and after having gone through a process without adequate tutoring, studying all the "profitable" resources found on websites; Can I tell you about Fibonacci retracement.

Being a tool that measures sequences after the sum of pips traveled in a trend impulse, it allows it to be a tool that bases its execution on mathematical calculations, allowing this to establish exact entry points.

In this sense, a powerful confluence that we can apply is fibonacci prices + trend lines, which will allow for greater scalping entry confirmation... the ideal training for this type of operation is to learn to identify trend lines and trend impulses.

I hope it is helpful, this is what an operation through price action is based on.
 

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