Fibonacci

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How to trade using Fibonacci 

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Click on image to enlarge

1. Draw Support ( Horizontal line and Trendline)
2. Draw Resistance ( Horizontal line and Trendline )
3. Plot Fibonacci from point 1 to point 2.
4. Wait until retracement touching 38.2 (0.382) or 61.8 (0.618) to Entry BUY..

TIP : Nice for Trading GOLD 
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