Fibonacci Trading Strategy for Binary Options – How to Use Fibonacci & Trend Lines

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Fibonacci can be used as a tool in the markets by taking two extreme points. These levels are normally the high and the low of a stock or Forex pair. The vertical distance is then divided into the key Fibonacci ratios.

The key levels we concentrate on when trading the markets are the 50% and 61% levels.

Quick Note: The 50% level is not a Fibonacci level, but a level based on the ‘Dow 50% level’.

This theory states that the move higher or lower is more likely to continue and reach the recent highs or lows if price has moved strongly past the 50% level.

The 50% level also acts as a major psychological level, in the same way that major support and resistance levels and Very Big Round Numbers do – especially when combined.

The 50% level is a very popular level and this is why you will find the 50% level on your Fibonacci tool when you open it in your chart.

Traders can get carried away when using Fibonacci levels and they can fall into a trap of trying to place a ‘Fibo’ tool on every market.

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Fibonacci Trading Strategy for Binary Options: https://binary-options-brokers-reviews.com/binary-options-price-action-strategy-pdf/ Inside this video I show …

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