Welcome to Part 3 of our essential 5-part Forex trading education series! I'm Nathan Bray, Senior Account Manager at ACY Securities and in this module, we dive deep into using Fibonacci retracement zones to identify potential reversal points during market pullbacks. You'll learn how to combine trend analysis with support and resistance to pinpoint optimal trading zones with high confluence, allowing you to plan trades in advance.
What you'll learn
Fibonacci Retracement Zones: Discover how to use this powerful tool to spot potential market reversals.
Trend Analysis: Build on your knowledge from Parts 1 and 2, focusing on identifying and leveraging market trends.
Support and Resistance: Integrate major support and resistance levels with Fibonacci retracement to enhance your trading strategy.
High Confluence Trading Zones: Learn to identify key market levels with multiple confirmations for higher probability trades.
Why this matters
Combining these three elements—trend, support and resistance, and Fibonacci retracement—provides a robust framework for identifying key levels in the market. This approach increases the likelihood of successful trades by offering multiple confirmations of potential price movements.
Dive into the charts and learn how to apply Fibonacci retracement levels effectively. By the end of this module, you'll be equipped with the knowledge to identify and trade off key levels in the market confidently.
RISK WARNING: Foreign exchange and derivatives trading carry a high level of risk. Before you decide to trade foreign exchange, we encourage you to consider your investment objectives, your risk tolerance and trading experience. It is possible to lose more than your initial investment, so do not invest money you cannot afford to lose。 ACY Securities Pty Ltd (ABN: 80 150 565 781 AFSL: 403863) provides general advice that does not consider your objectives, financial situation or needs. The content of this website must not be construed as personal advice; please seek advice from an independent financial or tax advisor if you have any questions. The FSG and PDS are available upon request or registration. If there is any advice on this site, it is general advice only. ACY Securities Pty Ltd (“ACY AU”) is authorised and regulated by the Australian Securities and Investments Commission (ASIC AFSL:403863). Registered address: Level 18, 799 Pacific Hwy, Chatswood NSW 2067. AFSL is authorised us to provide our services to Australian Residents or Businesses.
Editors’ Picks
EUR/USD stays below 1.0550 after mixed US data
EUR/USD stays under modest bearish pressure and trades below 1.0550 in the American session. Although the US Dollar struggles to gather strength following mixed macroeconomic data releases, the risk-averse market environment doesn't allow the pair to gain traction.
GBP/USD recovers modestly, trades near 1.2650
GBP/USD stabilizes near 1.2650 after falling toward 1.2600 earlier in the day. Nevertheless, the pair struggles to gather bullish momentum as the deepening Russia-Ukraine conflict causes investors to stay away from risk-sensitive assets.
USD/JPY declines to near 154.00 even though US Dollar ticks up
USD/JPY falls to near 154.00 despite the US Dollar remaining firm. Donald Trump’s policies are expected to boost US inflation and economic growth. BoJ Ueda didn’t commit to an interest rate hike move for December.
Editors’ Picks
EUR/USD stays below 1.0550 after mixed US data
EUR/USD stays under modest bearish pressure and trades below 1.0550 in the American session. Although the US Dollar struggles to gather strength following mixed macroeconomic data releases, the risk-averse market environment doesn't allow the pair to gain traction.
GBP/USD recovers modestly, trades near 1.2650
GBP/USD stabilizes near 1.2650 after falling toward 1.2600 earlier in the day. Nevertheless, the pair struggles to gather bullish momentum as the deepening Russia-Ukraine conflict causes investors to stay away from risk-sensitive assets.
Gold extends gains beyond $2,660 amid rising geopolitical risks
Gold extends its bullish momentum further above $2,660 on Thursday. XAU/USD rises for the fourth straight day, sponsored by geopolitical risks stemming from the worsening Russia-Ukraine war. Markets await comments from Fed policymakers.
BTC hits an all-time high above $97,850, inches away from the $100K mark
Bitcoin hit a new all-time high of $97,852 on Thursday, and the technical outlook suggests a possible continuation of the rally to $100,000. BTC futures have surged past the $100,000 price mark on Deribit, and Lookonchain data shows whales are accumulating.
A new horizon: The economic outlook in a new leadership and policy era
The economic aftershocks of the COVID pandemic, which have dominated the economic landscape over the past few years, are steadily dissipating. These pandemic-induced economic effects are set to be largely supplanted by economic policy changes that are on the horizon in the United States.
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