Page 2 - Module 11 The Fibonacci science

Module 11 – The Fibonacci Science

Contents

1. the fibonacci numerical sequence .................................................................................................. 2
2. how fibonacci numbers can be used in forex trading? ................................................................... 6

3. fibonacci levels acting as support and resistance ........................................................................... 6
4. the working of fibonacci levels in a trend. ...................................................................................... 6

5. how to plot fibonacci levels ............................................................................................................ 8
6. setting stop losses based on fibonacci retracements ..................................................................... 9
7. using fibonacci retracement to predict future forex rates ............................................................. 9

8. Where to take Profit? ................................................................................................................... 11
9. fibonacci levels as stop-loss .......................................................................................................... 11

10. complementing fibonacci retracements with support and resistances ....................................... 11
11. complementing fibonacci retracements with trend lines ............................................................ 12

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