Forex H4 Fibonacci Method Strategy - multicurrency, trend forex strategy, trading in which is carried out in the time interval H4, Auxiliary indicators - 2 moving averages, the RSI indicator, the main tool - Fibonacci (Fibonacci).
As they say, some professional traders: "Fibonacci - this is the only" indicator ", which predicts the turning point of the trend in the financial markets!"
That is why the Fibonacci tool is so popular in the forex and financial markets at all - it's really one of the best tools that can predict the trend reversal point (or a temporary rebound), so it helps Most of the traders to make a profit at his skillful use of the forex market.
Let's look at forex strategy that Fibonacci played quite an important role. So to trade on forex strategy H4 Fibonacci Method, you need to install on the schedule for the chosen currency pair (which, again, can be any) following forex indicators:
1. The daily chart (D1) - Oscillator Relative Strength Index with a period of 14 to apply to the close (RSI (14)), as well as add a level of 50
2. The chart H4 - Exponential Moving Average EMA (100), applied to a close - the color green
3. The chart H4 - simple moving average SMA (150), applied to close - the color red
