Fibonacci Arcs: How Traders Use This Technical Analysis Tool - Commodity.com
Fibonacci Arcs are percentage arcs based on the distance between major price highs and price lows. Therefore, with a major high, major low distance of 100 units, the 31.8% Fibonacci Arc would be a 31.8 unit semi-circle. The chart below of the S&P 500 exchange traded fund (SPY) shows an example of a Fibonacci Arc: […]
Simple Forex Strategy For Beginners| Forex Strategies
Simple forex strategy for beginners primarily used to buys dips in bullish markets while selling rallies in bearish markets. It's a universal trading strategy that works on every time frame and currency pair. Let's have a closer look how it works.