Where Should I Place a Stop Loss Indices Order using Fibonacci Retracement Indicator?

How to Set a Stop Loss Indices Order using Fibonacci Retracement Indices Indicator

Fibonacci Retracement Levels Indicator

Fibonacci retracement levels provide areas of support and resistance, these areas can be used to set stop loss levels.

Fibonacci Retracement level 61.8 % is the most commonly used level for setting stop losses. A stop loss indices order should be set just below 61.8 % Fibonacci retracement level

The 61.8 % retracement level is used to set these orders since its rarely hit.

Fibonacci Indicator Stop Loss Indices Order Setting at 61.8 % Retracement Level