|Welcome to currency trading with Profiforex!
The Fibonacci fan is one of the most complex graphical plottings.
When plotting the Fibonacci fan, two opposite peaks are usually selected and the fan is plotted between them.
|and the last line became the powerful support and resistance level. The price has rebounded from it several times.|
|In other words, the Fibonacci fan helped us to take everything from the price movement. According to its signals, you should have opened a deal here|
and closed it here.
|Also, you could have opened deals here and here|
In this case, you could have obtained a good profit.
|Please remember that all Fibonacci objects require extensive experience.