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Using the Fibonacci Indicator tool

May 10th, 2011 · Yorum Yok · Forex Trading

The Fibonacci tool is a very simple indicator that can help you in your technical analysis to speculate on the price retracement and trend direction of the market. It composes of several horizontal lines with different labels in a form of numbers. The default setting will provide you the following set-up: 0.0, 23.6, 38.2, 50.0, [...]

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