Yu-cheru's Trade Fitness Gym | Episode 7 The horizon is OK with Fibonacci only!
Yucheru's Profile
Acording to the trend, he is active as a “muscle trader” on YouTube. He is renowned for his technical analysis of EUR/USD, and his channel subscribers are rapidly increasing. The motto is “Trading is more about the physical than the mental!”
Twitter：https://twitter.com/EURUSDsenmon
※This article is a reprint/reedit of an article from FX Tsuukakux.com November 2020 issue. Please note that the market information written in the body may differ from the current market.
Cannot Escape the Laws of Nature? Find the Golden Ratio Hidden in the Market!
This time I’ll talk about the Fibonacci lines that I call the “market map.” They are essential technical analysis for grasping the essence of the market!
The Fibonacci sequence is called the “golden ratio,” a proportion humans naturally perceive as beautiful.
In fact, this Fibonacci sequence exists all around in nature, hidden in sunflowers, snail shells, and more. Incidentally, there is a famous online discussion suggesting President Trump’s hairstyle follows the Fibonacci sequence.
There are two main types of Fibonacci lines used in the market. One is the “Fibonacci Retracement,” used to gauge the potential for a pullback.
The other is the “Fibonacci Expansion,” which is used to gauge the potential end point of a trend.
However, Fibonacci Retracement is overwhelmingly more important, so this time I’ll focus on Retracement.
