Fibonacci TrendLine Strategy Guide
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Fibonacci Trend Line Trading Strategy Guide
In this strategy report, I am going to share with you a simple Fibonacci Trading Strategy that uses this trading tool along with trend lines to find accurate trading entries for great profits.
There are multiple ways to trade using the Fibonacci Retracement Tool, but I have found that one of the best ways to trade the Fibonacci is by using it with trend lines.
The Fibonacci Retracement tool was developed by Leonardo Pisano who was born around 1175 AD in Italy and was known to be “one of the greatest European mathematicians of the
middle ages.”
He developed a simple series of numbers that created ratios describing the natural proportions of things in the universe. And these numbers have been used by traders now for many years!
Your charting software should come standard with this, however, you are the one that puts this on your chart.
Bottom line
The bottom line is, many traders use this tool which is why it is highly important to have a trading strategy that uses this.
You are going to need to know where to apply these fibs. You will need to place them on the swing high/swing low.
A Swing High is a candlestick with at least two lower highs on both the left and right of itself.
A Swing Low is a candlestick with at least two higher lows on both the left and right of itself.
HAT TRICK – 3 EASY ENTRY AND EXIT STRATEGIES
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