Fibonacci ABCD Pattern Forex Support and Resistance Strategy

0
862

Fibonacci ABCD Pattern Forex Support and Resistance Strategy

This strategy uses 1 hour and higher timeframe. It is applicable to any currency pairs.

Forex Indicator:

1.-2-3- pattern

This is the formula:

Target point D (profit Objective) and retracement point C cab be calculated by measuring the number of pips From poin A to point B and multiplyng by the factors below.

  • For Fibonacci Retracement, left click on point A, drag the line to point B, then release the mouse.
  • For Extension left click on point B, hold and drag the line, to point A and release.

Commonly, 61%8 retracement go to least the 161,8% projection. Sometimes The 100% ,200% amd 261% extension come into play.

Money has been made using ABCD also called 1234 pattern using to enter and extension to exit.

Enter near point C exit at point D.

Attached are the following:

  • XLS file for to calculate Fibonacci Extension
  • spudofibo metatrader indicator
  • 123 pattern

Recommended MT4 Broker

  • Free $50 To Start Trading Instantly! (Withdrawable Profit)
  • Deposit Bonus up to $5,000
  • Unlimited Loyalty Program
  • Award Winning Forex Broker
  • Additional Exclusive Bonuses Throughout The Year

Recommended broker

>> Claim Your $50 Bonus Here <<

Click here below to download:

Save

Save



Get Download Access

LEAVE A REPLY

Please enter your comment!
Please enter your name here