There is no single ‘most important’ fibonacci retracement level. Rather which level comes to the fore has to do with timing and can only be confirmed by observing price action. However some fib levels have more meaning than others.
Fibonacci Retracement Ratios score beyond the hat-trick by capturing Straits Times Index turning points in this chart. Twice in two months.
Forex slippage is one reason traders encounter heavy unexpected losses. If you encounter slippage regularly you may have a bad broker.
EURUSD price action showing tremendous volatility over a 16 pips. Evident from very long candlestick tails in the 5-minute chart.
This EURUSD price action highlights importance of looking at high time frame From my observation, members of our community tend to overlook the importance of higher time frame charts during their trading and analysis. It is true that when we swing trade and for some