In forex trading, Fibonacci retracement levels refer to established areas of support (where the price stops decreasing) and resistance (where the price stops increasing).
Retracement levels are drawn in relation to the price of the forex asset being evaluated, and each retracement level represents a horizontal line on a trading chart that identifies the levels for analysis.
In this webinar, we discuss how Fibonacci levels are determined, why these retracement levels are significant indicators for forex investing, and how to use them to evaluate price action and predict future price behavior.
Brad Alexander is an industry veteran who started trading the currency markets long before the advent of online trading. He owns FX Large Limited, which is dedicated to the provision of content for the forex industry; his clients include fintech companies, educators, and, of course, Valutrades. Brad is a self-confessed forex platform junkie who has worked with and created how-to content for most trading platforms, including MT4 and MT5.
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