23# Fibonacci Support and Resistance Trading System

Fibonacci Forex Strategy

Submit by Joy22 ( Written earnmoneyplus.net)

 

Fibonacci Forex Strategy Rules

Time Frame 1H

EMA25 + Fibonacci Retracements ( 0%, 100%, 161.8% ) + Support-Resistance Lines

EMA25 show trend

BLUE Line / ARROW are RESISTANCE and RED ARROW are Break Resistance Point ( Price Above Resistance )

In the pictures Fibonacci Support and Resistance forex system in action.

BUY

EMA25 GO UPWARDS, PRICE CLOSE ( Candle Close ) above resistance

 

Take Profit: Fibonacci Retracements ( 161,8% ) Line and more

Stoploss: 20-30pips

SELL

opposite of BUY

Share your opinion, can help everyone to understand the forex strategy.

Comments: 5
  • #5

    gaurav (Friday, 21 August 2020 05:16)

    hi sir trend is clear by useing ema 25 but fibonacci didnt undrstand that how to draw .plz help us

  • #4

    harish visht (Sunday, 29 March 2020 07:46)

    how to download it.

  • #3

    Ranjith (Tuesday, 04 December 2018 22:50)

    Fibo support and resistance . Let me have a try

  • #2

    agustinus selaka (Sunday, 28 October 2018 06:28)

    gimana cara menentukan garis horizontal line dan trand line untuk penentuan arah trand support dan resisten, tentang fibonacci dan hitungan ratio.mohon dibantu terima kasih

  • #1

    naeem (Tuesday, 13 March 2018 16:45)

    how to download

Fibonacci Forex Strategies