Join award-winning, 12x Prop Firm trader, Peggy - as she shares how you can use Fibonacci retracements and extensions to trade the markets effectively.
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2039.81, which is an overlap resistance.
Our take profit will be at 2022.42, a pullback support level.
The stop loss will be placed at 2055, a multi-swing high resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.0844, which is an overlap resistance.
Our take profit will be at 1.0815, a pullback support level.
The stop loss will be placed at 1.0877, a pullback resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may...
Based on the H4 chart analysis, we can see that the price is falling to our sell entry at 149.82 which is a multi-swing low support.
Our take profit will be at 148.80, a pullback support level
The stop loss will be placed at 150.51, which is a pullback resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk...
Based on the H4 chart analysis, we can see that the price is falling to our sell entry at 0.8781, which is a multi-swing low support.
Our take profit will be at 0.8752, a support level
The stop loss will be placed at 0.8801, which is a pullback resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may...
CAD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 110.747 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 110.15 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at...
The Euro (EUR/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 1.07969 which is an overlap support that aligns close to the 50.0% Fibonacci retracement level.
Stop loss is at 1.07220 which is a level that lies underneath a pullback support and the 78.6% Fibonacci retracement level.
Take...
EUR/AUD is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.66313 which is a swing-high resistance.
Stop loss is at 1.66900 which is a level that sits above the swing-high resistance.
Take profit is at 1.65224 which is a pullback support.
High Risk Investment Warning
Trading Forex/CFDs on...
AUD/CHF is falling towards a potential breakout level and could drop lower from here.
Sell entry is at 0.57308 which is a potential breakout level.
Stop loss is at 0.57800 which is a level that sits above a pullback resistance.
Take profit is at 0.57047 which is an overlap support that aligns with the 50.0% Fibonacci retracement level.
High Risk Investment...
USD/CHF could fall towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.87712 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 0.87090 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level.
Take profit is at...
Gold (XAU/USD) is rising towards a potential breakout level and could break through this level to climb higher.
Buy entry is at 2,037.79 which is a potential breakout level.
Stop loss is at 2,022.00 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level.
Take profit is at 2,056.05 which is a multi-swing-high...
EUR/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 162.649 which is a pullback support.
Stop loss is at 162.200 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level.
Take profit is at 163.720 which is a pullback resistance.
High Risk...
USD/CAD is rising towards a breakout level and could potentially break through this level to climb higher.
Buy entry is at 1.35223 which is a potential breakout level.
Stop loss is at 1.34850 which is a level that sits under a pullback support.
Take profit is at 1.35690 which is a pullback resistance that aligns close to the 127.2% Fibonacci extension level.
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