A YouTuber explains how to use Fibonacci retracement for trading, highlighting key levels to pay attention to and using charts for analysis.

How to Use Fibonacci Retracement for Trading View and Metatrader4
– Introduction to the Fibonacci retracement tool
– Identifying the highest point of resistance and the lowest point of support
– Extending the tool to predict future movements
– Using the tool on the 4-hour or daily timeframe
– Most retraced levels: 6 to 8 and 50%
– Use of horizontal lines to identify past hits on the six to eight level
– Use of bullish and bearish candles to identify market movements
– How the market sometimes consolidates at the 50% retracement level
– Example of a trade on the EUR/USD pair using Fibonacci retracement
– Accuracy of the daily timeframe in identifying market movements
– The role of the Non-Farm Payroll news event in trading
– Using the weekly timeframe to confirm daily analysis
– Predictions for potential buy opportunities on EUR/USD
– Importance of the Fibonacci retracement tool in trading
– How to contact the author for questions and concerns.