When used correctly, Fibonacci retracement levels can help crypto traders spot entry and exit points, making it a valuable component of a comprehensive trading strategy.

Note Fibonacci levels often act as self-fulfilling support and resistance points because so many traders watch them.

Traders swear by Fibonacci retracement — a simple yet powerful tool that helps decode the market’s twists and turns. Rooted in a centuries-old mathematical sequence, these key levels reveal where ...

Technical Analysis: Apple’s Stock Hit Oversold RSI Levels, Break Below Key Moving Average Apple’s latest price action has been under the spotlight of traders using technical analysis to ...

Second, he says every Fibonacci level should be traded in isolation from other potential entry points. Like any trading strategy, there is always a risk.

The AUD/USD pair is trading between Fibonacci levels, having met buyers around the 61.8% retracement of its August/September rally but unable to surpass the 50% retracement at 0.7290.