Fibonacci Arc

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Welcome to currency trading with Profiforex!
This video is devoted to "Fibonacci Arcs."
To apply Fibonacci arcs to the chart, use the sequence "Insert" - "Fibonacci" - "Arcs."

When plotting Fibonacci arcs, the highest and lowest trend levels are usually taken. 

Fibonacci arcs are built as follows: The radius of the arc is taken as 100%,

 then three arcs are built that cross the trendline at distances equal to 38.2%, 50%, and 61.8% of the total length of the segment.

Thus we get support and resistance lines. When the price crosses these levels the impulse for moving forward is generated. 

However, these levels can also be a serious barrier. All we can do is monitor the price when it comes close to the Fibonacci arcs.