Fibonacci

[vc_row][vc_column][boc_spacing height=”10px”][vc_column_text]Fibonacci retracements are a quick and easy way of predicting support and resistance levels in Forex. The Fibonacci tool works on the principle that markets tend to ‘retrace’ a portion of a move prior to continuing the dominant trend. Traders use the Fibonacci tool on MT5 to connect the lows and highs of a recent trend, swing or range and the tool displays likely support and resistance levels derived from the Fibonacci Sequence (Golden Ratio). Fibonacci levels appear again and again in Forex – this tool is surprisingly reliable when it comes to predicting support and resistance.[/vc_column_text][/vc_column][/vc_row][vc_row full_width=”stretch_row_content_no_spaces” css=”.vc_custom_1587534820010{margin-top: 40px !important;margin-bottom: -45px !important;padding-top: 40px !important;padding-right: 15% !important;padding-bottom: 3% !important;padding-left: 15% !important;background-color: #f7f7f7 !important;}”][vc_column][boc_heading alignment=”center” css_classes=”title_page_abb”]More News Posts[/boc_heading][boc_spacing][boc_posts_carousel items_visible=”4″ navigation=”Dots” autoplay=”yes” loop=”yes” exclude_current=”yes” design_preset=”simple” excerpt_word_limit=”10″ show_read_more=”yes” img_hover_effect=”1″][/vc_column][/vc_row]