Daily Forex Rates : Forex Trading A Peep Into The Fibonacci Den : Fibonacci investigation started with retracements of prices during a trend according to Fibonacci sequencend it is ereally surprising how several times we see the trending prices retracing to Fibonacci levels of 38%, 50% or 61% and then continuing the trendhen we talk about Fibonacci numbers in nature etc, it seems to have several magic behind itut then really magic has a logic behind ithat I am talking is Fibonacci in flower petals, in shell spirals, in the family trees of rabbits and cows and so onut the why Fibonacci works in trading toos it that magic or is there a logicell, no magic is without a logic or reasoning and same is true with Fibonacci investigation in tradingWhy do technical analysis indicators workhe major reason that any technical investigation indicator works is mainly on account of the number of traders taking major positions on the basis of the signals generated by ithe success of any indicator depends on the number of traders following ... [Read More : Daily Forex Rates]
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Daily Forex Rates : Forex Trading A Peep Into The Fibonacci Den @ And you see the chart with the trend lines forming the triangle and the breakout stage all that obviously drawn for you. The trend line seems to be sound with numerous touching factors, so you are prepared for the substantial breakout. One thing you would miss except if you have supernatural powers to watch and analyze all the charts! Such events happen extremely seldom in one particular single chart.
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