Where to place stop-loss on indices using Fibonacci retracement
How to Set a Stop Loss Order for Indices Using the Fibonacci Retracement Indicator
Fib Retracement Zones Indicator
Fib retracement levels provide areas of support & resistance, these can then be used to set stoploss levels.
The 61.80 % Fibo Retracement level is used most often for stoplosses. A stoploss order should be placed right below the 61.80% Fib retracement level.
The 61.80% retracement level is used to set these orders because its rarely hit.
Setting Stop Loss Parameters using the Fibonacci Indicator at the 61.80% Retracement Threshold
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