Fibonacci Retracement Indicator – Binary Options Indicator
How to use the Fibonacci Retracement Indicator for Binary Options Trading.
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MORE INFO ABOUT FIBONACCI RETRACEMENT INDICATOR:
Fibonacci Retracement is a measurement tool that is used to predict the future support and resistance levels and short-term and long-term reversals (retracements) based on the measurement of the past market trends.
Fibonacci Retracement Indicator is one of the most useful indicators for binary options trading and is also one of the rare indicators that actually predicts the future price movements.
Levels of the Fibonacci Retracement Indicator that are mostly used in binary options trading are 50, 127 and 161.8. Other levels also act as a support and resistance levels, and all these levels are: 0, 23.6, 38.2, 50, 61.8, 100, 127, 161.8 and 261.8.
Expiry times for binary options trading based on the fibonacci retracement measurement can differ depending on the time frame chart being used and on the level of the fibonacci line that is being traded. Short term reversals are mostly expected at levels 50 and 127 and longer reversals are expected at levels 161.8 and 261.8. Also other levels can be traded.
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