developed by Italian mathematician Leonardo Fibonacci in the 12th century. Let me illustrate this with some Forex currency pairs. I dont know that I subscribe to the full Fibonacci method, but what Im about to show you is my personal favorite from its bag of tricks.
Wellnothing to be honest. This is a daily chart of the EUR/AUD from late 2014. Its called the Fibonacci Retracement. What did a math nerd from the Dark Ages know about trading stocks? Where To Use The Fibonacci Retracement. For these facile strategia forex per principianti individuals, and anyone else who prefers buying pull backs, there are other options.
So, to draw the. Fibonacci levels, one would have to drag it from the high to the low.