Fibonacci Channel Secrets : How to use the fibonacci Channel in Trading. Fibonacci Channel

Fibonacci Channel Secrets : How to use the Fibonacci Channel in Trading. Fibonacci Channel
The secrets of Fibonacci channels are revealed, exposing how professional traders use this powerful tool to identify key price levels and anticipate future market movements. This video dives deep into advanced strategies and insights that are often kept hidden, empowering viewers to unlock a new level of trading mastery.
I will reveal that By apply a Fibonacci extension to a consolidation phase within the channel we can Estimate profit targets on a break out of the channel.
Potential Upward market : low to low , circle back to a reference high.
Potential Downward market : high to high circle back to a reference low .
The Fibonacci Channel consists of two parallel trendlines that encompass the price action. The primary trendline is drawn along two significant highs or lows, and the secondary trendline is drawn parallel to the primary, at a distance determined by a Fibonacci ratio This method creates non horizontal support and resistance.
Introducing Tom Alongi, a seasoned expert in the world of foreign exchange trading, whose illustrious career spans over three decades. Tom served as the Chief Dealer at CRT Bank NY, where he honed his skills and expertise in managing complex currency trades. He later took on the role of Chief Cross Currency Forex Dealer at DG Bank in New York specializing in GBP/JPY and EUR/JPY(DEM/JPY), where his strategic insights and leadership were instrumental in navigating the fast-paced forex market. Most recently, Tom held the position of Chief Dealer at CRT Bank, overseeing a dynamic team of proprietary traders 30 traders in all, guiding them through the intricacies of cross-currency transactions. With a wealth of experience and a deep understanding of the global financial landscape, Tom is a respected figure in the Forex community, known for his exceptional leadership and market acumen.
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