Methods 2: Retracement Levels 1

٢٨ أكتوبر ٢٠٢٠

This is the first installment in my second section on Methods I use for finding Support and Resistance. I use a live trade example on EURAUD to show how the simple 50% Fibonacci level was all that was needed to find where the price would inflect. While I am aware and have studied the Fibonacci levels I find that just drawing 50% levels is all I need to find good trade entries and targets. Hope all can learn from my small mistake and look forward to sharing more!

The script I wrote for to quickly identify these 50% levels are in the Link below.