Fibonacci forex trading is based around the Fibonacci sequence, a mathematical phenomenon discovered in the 13th century by Italian mathematician Leonardo Fibonacci. He found that when you
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Fibonacci trading is based on taking advantage of reversals in price movements. The Fibonacci sequence of numbers was discovered by an Italian mathematician in the 12th century. It has various applications in mathematics and in nature, but the importance for financial traders is that the ratio between the numbers in this sequence can predict reactive price movements or retracements.