Fibonacci retracements are often used as part of a trending strategy. In this scenario, traders observe a retracement taking place within a trend and try to make low-risk entries in the direction of the initial trend using Fibonacci levels. Traders using this strategy anticipate that a price has a high probability of bouncing from the Fibonacci levels back in the direction of the initial trend.
The following is the recorded webinar on how to trade with Fibonacci in Chinese.
https://klse.i3investor.com/blogs/paulineseconomicsforum/2020-12-19-story-h1538306919-Trading_With_Fibonacci.jsp
