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    How to Use Fibonacci Retracements - Babypips.com

    • In order to find these Fibonacci retracement levels, you have to find the recent significant Swing Highs and Swings Lows. Then, for downtrends, click on the Swing High and drag the cursor to the most rece… See more

    Uptrend

    This is a daily chart of AUD/USD. Here we plotted the Fibonacci retracement levels by … See more

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    Downtrend

    Now, let’s see how we would use the Fibonacci retracement tool during a downtrend. Below is a 4-hour chart of EUR/USD. As you can see, we found our Swing Hig… See more

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    How to Identify Reversals and Retracements - BabyPips.com
    Learn the techniques that forex traders use to make sure they're trading a real reversal and not being faked out by temporary retracement.
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