The Fibonacci Retracement Trading Secret No One Tells You

The Fibonacci Indicator is sometimes a double edge sword, if you know how to use them, they'll be able to isolate perfect reversal location for you. However, if you are strictly just executing when price are touching those levels, then you're better off not using them.

In this video Lucas goes into the 3-Step approach on how to use Fibonacci properly to generate consistent profitable trades.

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Useful Links:
📱 Urban Forex Apps: https://www.urbanforex.com/app-store?...
STINU (Position Size Calculator):
https://www.urbanforex.com/stinu?yc=e
FX Meter (Currency Strength Meter):
https://www.urbanforex.com/fx-meter?yc=e
Market Beats (Market Volatility Indicator): https://www.urbanforex.com/marketbeat...
Market Countdown (Market News Calendar & Session): https://www.urbanforex.com/market-cou...

📈 Lucas is using the software TradingView to look at his charts, get your access to the same charts here: https://www.tradingview.com/?aff_id=1...

Video Chapters:
00:00 Intro
0:35 What is Fibonacci
1:35 How Traders Use Fibonacci
4:20 The Right way of using Fibonacci
6:49 When Fibonacci Retracement Fails (Examples)
9:50 When Fibonacci Works Perfectly (Examples)
17:10 Outro

//DISCLAIMER

This video expresses our personal opinions only. Trading financial markets involves risk, and is not suitable for all investors. We are not responsible for any losses incurred due to your trading or anything else. We do not recommend any specific trade or action, and any trades you decide to take are your own.