Fibonacci Expansion (How To Use)

PLOTTING A FIBONACCI EXPANSION:

- Select the Fibonacci Expansion Tool

1) Start From The Top Of The Trend (In A Down Trend)

2) Set The Middle Point Where The Correction Started

3) Set The 3rd Point, Where The Correction Ended

Possible Target areas and/or zones are plotted below this 3rd point for you to utilize as per your risk management and trading style.

*For an uptrend set up you would just need to turn the above upside down, not hard but will help lessen your stress when trading FX.