Fibonacci Retracement Levels: How to use for Binary Options Trading





Some traders call it a self-fulfilling prophecy, others can´t trade without drawing them, but one thing is certain, when used correctly this indicator can be very accurate and produced high probability setups for you to buy calls or puts and trade with the trend.

The Fibonacci retracement levels are ratios derived from the Fibonacci sequence of the natural order of things. Even when it´s trending hard the market is not linear, it moves in waves. This means that whenever we are trending, there will be a moment of exhaustion and a corrective wave will start. When we use fibs we try to determine how deep this correction will be and when it will reverse so we can trade on the direction of the main move.

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