Hello,
I’ve just been reading the Fibonacci retracements and dont understand how to apply it?
how to I find the swing low and swing high?
Also how do I know where to place the 23%, 38%, 50% and so on on my charts?
Just a bit complicated
any help is great thanks!
If you don’t understand it, don’t use it.
Im not using it, Im reading it
There’s a Fib tool on mt4, you click it then draw it on. Ive no plans to use it myself but ive seen you tube videos showing how its done
I’m new to this as well, but if i am correct, you look for add an object, then you should fine fibonacci retracements in the categories.
A Swing High is a candlestick with at least two lower highs on both the left and right of itself.
A Swing Low is a candlestick with at least two higher lows on both the left and right of itself.
The best is to watch some youtube videos, you will see its not complicated. Generally speaking its very simple on MT4: Mouseclick here, Mouseclick there, thats it