The reference point is set at the closing of the day
included
1DayFibo_Dot.mq4
1DayFibo.mq4
Broker Online - Broker Exchange : Platform Trading MT4 Metatrader
Interpretation Rules - Signals From Trading
Fibonacci levels are strong levels to:
. Expect the amplitude of the current price fluctuations
. Show areas where prices may stop or rebound
. Show the turning points of trend defining extreme overbought and oversold areas
- Buy signal
. The price key support level in an uptrend - Buy
. When a resistance level is broken upwards, it becomes a new support level
- sell signal
. The price touches a level of resistance in a bearish trend - Sell
. When a support level is broken down, it becomes a new level of resistance
Learn more about the rules and trading signals:
Trader Online - Fibo Retracement Levels
Stock Exchange - Expert Advisor Elite eFibo Trader v2.6
Graphic Award - Analysis trading
Trade Example
Exchange and Financial Markets
Instruments - trading forex currency
swaps - Symbol EURUSD
time unit - time Frame: 15 Minutes M15
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