Forex Strategy Day Open Fibo

Forex Strategy Day Open Fibo - a very simple but very profitable trading strategy for the currency pair GBPUSD, or other highly volatile pair, it is based on the use of the opening price of the trading day on static Fibonacci numbers: 34, 89, 144, 233.

• I recommend selecting a Broker FOREX terminal Metatrader 4.
  Explain the Forex Day Open Fibo strategy Example:
  
  Suppose that the opening day of the pair GBPUSD 1.6447
  
  To determine critical levels calculated using the static Fibonacci -Add these numbers and subtract them from the opening of the market price on that day:
  We get the following levels:
  HL1 = 1.6447 + 0.0034 = 1.6481
  HL2 = 1.6447 + 0.0089 = 1.6536
  HL3 = 1.6447 + 0.0144 = 1.6591
  
  HL4 = 1.6447 + 0.0233 = 1.6680
  
  HL5 = 1.6447 - 0.0034 = 1.6413
  HL6 = 1.6447 - 0.0089 = 1.6358
  HL7 = 1.6447 - 0.0144 = 1.6303
  
  HL8 = 1.6447 - 0.0233 = 1.6214