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There is also a 1.618 Extension along with 2.618. In Forex trading, Fibonacci retracements can identify potential support / resistance levels. Learn Forex: Important Fibonacci Levels Applied to EURUSD to Find Support. From a trading perspective, the most commonly used Fibonacci levels are the 38.2%, 50%, 61.8% and sometimes 23.6% and 76.4%.

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How to Use Fibonacci Retracement Levels in Day Trading

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How to use Fibonacci retracement to predict forex market

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