Instructions on Fibonacci in Forex

Fibonacci Arcs are built as follows: first, the trend line from the last two points, for example, from very elementary to the opposite extreme. Then, three service roads will be built with the same mind with the very first cut line and 2 trend Fibonacci level at 38.2, 50 and 61.8%. Fibonacci Arcs are seen as the way kids and kids need on the potential approach. Fibonacci Arcs and Fibonacci Fans are usually used together on the charts and reach store and access the store is determined by the intersection of the street.

Fibonacci Fan
Fibonacci Fan as a tool is built as follows: a trend line - for example drawing a line connecting the extreme points 2. Then, a vertical axis "invisible" is a drawing automatically passing points maksimum second. And 3 will be the trend line is drawing from the very first, the way this cut invisible vertical line at Fibonacci levels by 38.2, 50 and 61.8%.
The straight line is the line representing kids and kids need on the access. To be able to achieve higher efficiency in the predicted value, we should use other tools with Fibonacci Fibonacci Fan.

Fibonacci Retracement
Fibonacci Retracement road is built as follows: first, the trend line is draw between the two extremes, for example, from very elementary to the maximum points opposite. Then, 9 road cutting across the trend line in the Fibonacci levels 0.0, 23.6, 38.2, 50, 61.8, 100, 161.8, 261.8 and 423.6% are drawing. After a rate increase or decrease remarkably, the price will usually return to previous levels to regulate for the necessary (and occasionally to the completion) of change initially. Price often touches on the shop reach / access the shop at or near the Fibonacci Retracement levels in a process of change every time.

Fibonacci Time zones
Fibonacci Time zones are a series of vertical lines separated 1, 2, 3, 5, 8, 13, 21, 34, … The change is usually a strong close to this road.
To build this tool, to determine the 2 points to know the length of the distance unit. All other roads are directly based on the distance units and the Fibonacci numbers.

Fibonacci Expansion
Fibonacci Expansion similar to Fibonacci Retracement and used to determine the end points of the waves 3. Unlike Fibonacci Retracement, this tool is built not only based on a trend line, which is based on the wave 2.
First, directly on trends for the first wave, the higher it will be used as a unit distance. End points the second wave is the reference to a vertical axis invisible. The corresponding straight line is from reference points on the space by 61.8%, 100% and 161.8% of the distance units (defined as the first straight line). The third wave will end close to this level.

Fibonacci Channel
Fibonacci Channel is created by the trend lines in parallel. To build this tool, be wide of the channel used is substantial breadth units. Then, straight lines are parallel at the point of corresponding to the Fibonacci number sequence, starting 0618 is substantial breadth units, then 1000, 1618, 2618, 4236 … After the time the fifth wave, which be able to predict changes in trends.

Remember to use that channel and the Fibonacci-based way to limit the top of the channel when trend growth and the bottom of the channel when trend reduction.