Everything You Need to Know About How To Setup Fibonacci Levels On Android Mobile

Watch me setup Fibonacci Retracement levels and Fibonacci extension indicator on Android mobile platform, ready for trading volatility indices or any other market

Fibonacci Retracement
In order to find these Fibonacci retracement levels, you have to find the recent significant Swing Highs and Swings Lows.
Then, for downtrends, click on the Swing High and drag the cursor to the most recent Swing Low.

For uptrends, do the opposite. Click on the Swing Low and drag the cursor to the most recent Swing High.

Fibonacci Extensions
Fibonacci extensions are a tool that traders can use to establish profit targets or estimate how far a price may travel after a retracement/pullback is finished. Extension levels are also possible areas where the price may reverse.
Extensions are drawn on a chart, marking price levels of possible importance. These levels are based on Fibonacci ratios (as percentages) and the size of the price move the indicator is being applied to.

• Get a free account from DERIV here: https://bit.ly/ViewBinaryTrading

• Download Excel App: https://play.google.com/store/apps/details?id=cn.wps.moffice_eng

• Download Lot size, Take Profit and Stop Loss Calculator: https://drive.google.com/file/d/1k5HTT4Da90p-o1jJj3EmFKQC2mO0WxGL/view?usp=sharing

• Join our community to learn how to trade: https://t.me/ViewFXAcademy