Fibonacci retracements are often used as part of a trending strategy. In this scenario, traders observe a retracement taking place within a trend and try to make low-risk entries in the direction of the initial trend using Fibonacci levels. Traders using this strategy anticipate that a price has a high probability of bouncing from the Fibonacci levels back in the direction of the initial trend.
The following is the recorded webinar on how to trade with Fibonacci in Chinese.
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