How to use fibonacci retracement and Fibonacci Ratios Forex #TradingTips

Fibonacci Retracements is a famous technical analysis tool used to measure market retracement and pullbacks. Fibonacci retracements help us spot important demand and demand zones with high liquidity, for better entry and exit in the market.

In most strategies, Fibonacci retracements are used to calculate the accuracy of a price structure forming as well as see if it meets the measurements required. Fibonanci Ratios are also used to determine price targets to take profit or set stop loss.

Does the Fibonacci trading strategy even work? Should you trade using the Fibonacci retracement tool? I have tested many strategies on the Trading Rush channel, and almost every other day, there is a comment about testing the Fibonacci trading strategy or giving my thoughts on it. Until now, I have avoided making a video about the Fibonacci trading strategy, because the idea of Fibonacci in trading sounds really stupid. But that's my personal preference, and as you know, on the Trading Rush channel, we keep personal preferences aside and only talk about real-world data. In this video, I've tested the Fibonacci retracement tool 100 times to see if it works or not, but unlike other indicators we have tested on the Trading Rush channel, Fibonacci can't be backtested.

Advantages of using Fibonacci? More accuracy in determining all ABCD points when trading Easier to spot demand in Zones You can know what Fibonacci level you are entering the market at Use Fibonacci levels to help you see the pattern becoming invalid Use Fib extensions to determine profit targets The pattern AB=CD has to do with the two lines being of relative size and does not necessarily mean that they are the same size, so AB: CD can be as a ratio for example AB:2CD or AB:3CD This is where line CD is double the size of line AB

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Time Staps:

0:00 Introduction 0:57 What are fibonacci retracement ratios
1:23 Example
1:37 Why We use fibonacci retracement
2:34 Constructing Fibonacci retracement on Chart 3:13 Important Fib Levels 4:00 Confirming Rejection on FIb Levels 4:56 What to learn next

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