100.0% CFD Trading Fib Projection Level

We useFibo expansion areas to estimate where the cfd trend movement will reach. There are Two important Fibonacci expansion areas: 61.8% and 100.0% Fibonacci Projection Areas, these are used for taking profit.

100.0% CFD Fibonacci Projection Level

100.0 CFD Fib Projection Level is not commonly used to set cfd profit-taking orders when trading using the Fibonacci Projection Technical Indicator.

Most cfd traders will use the 61.8% Fib Projection level.

To draw Fibonacci Projection levels on the cfds chart we wait until the cfds price retracement is complete & the cfds price starts to move in the original direction of the CFD trend. Where the cfds price retracement reaches is used as chart point 3. Fib Projection Technical Indicator is plotted using 3 chart points as illustrated and shown on the trading example illustrated & shown below of how to plot the Fib Projection Technical Indicator.

The Fib expansion example illustrated & displayed below shows the 3 Chart Points where the Fib expansion technical indicator is plotted, marked as Chart point 1, Chart point 2 & Chart point 3.

Chart point 1 is where the cfd trend started, Chart point 2 is where the cfd trend pulled back & retraced & Chart point 3 is where the cfd retracement reached as illustrated and shown on the Fib Projection Indicator example illustrated & shown below.

The First Fibonacci Projection Level is the 61.8% CFD Fib Projection Level and the second is 100.0 CFD Fib Projection Level shown Below - These Fibonacci Projection Levels are Used by CFD Traders to Set Take Profit CFD Orders

Fibonacci Projection Level - 61.8% CFD Fib Projection and 100.0% CFD Fib Projection Level Used to Set Take Profit CFD Orders

Please note where these Fib Projection areas are drawn - Fib Projection levels are drawn above the Fib indicator, these are the chart points where a trader will set the takeprofit orders using these Fibonacci Projection Levels - 100.0% Fibonacci Projection Level is the second Fibonacci Level.