How and where to enter trades using Fibonacci retracement levels gets really easy when you’re using the simple Fibonacci trading strategy in the video above.
The most important Fibonacci ratios/retracements are the 38,2% the 50% and the 61,8% levels.
Build your Fibonacci trading method around these support and resistance levels, and your trading account will thank you.
Remember; trading strategies you trade in the direction of the trend will give you a good risk-reward and high win rate.
A good strategy to trade the retracement levels is to wait for a candlestick patten
to confirm the level before you take a position.