Discover Fibonacci Retracement

By Shawn James  /  May 3, 2012  /  Forex Trading Strategies  /  No Comments

Fibonacci retracement is a strategy that is commonly used for analyzing the potential areas of movement of the prices of currencies. The strategy is based on the notion that price will usually pull back or retrace a percentage (38%, 50%, or 61.8%) of the previous move before continuing to move in the original direction. Nearly [...]