23# Fibonacci Support and Resistance Trading System

Fibonacci Forex Strategy

Submit by Joy22 ( Written earnmoneyplus.net)

 

Fibonacci Forex Strategy Rules

Time Frame 1H

EMA25 + Fibonacci Retracements ( 0%, 100%, 161.8% ) + Support-Resistance Lines

EMA25 show trend

BLUE Line / ARROW are RESISTANCE and RED ARROW are Break Resistance Point ( Price Above Resistance )

In the pictures Fibonacci Support and Resistance forex system in action.

BUY

EMA25 GO UPWARDS, PRICE CLOSE ( Candle Close ) above resistance

 

Take Profit: Fibonacci Retracements ( 161,8% ) Line and more

Stoploss: 20-30pips

SELL

opposite of BUY

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Fibonacci Forex Strategies