100.0% XAUUSD Fibo Projection Level
We use Fibonacci projection levels to estimate where trend move will reach. There are Two important Fibonacci projection levels: 61.8% Fibo Projection Level and 100.0% Fib Projection Level, these gold fibonacci projection levels are used for setting gold profit taking orders.
100.0 % XAUUSD Fibo Projection Level
100.0 Fibo Projection Level isn't oftenly used to set gold profit booking orders when gold trading using the Fibo Projection Tool.
Most traders will use 61.8% Fibo Projection area.
To draw Fibo Projection levels tool on the chart we wait until the price retracement is complete and the price begins heading in original direction of the trend. Where the price pull-back gets-to is used as point 3. Fibo Projection Tool is drawn using three chart points as shown on the Fibo Projection trading tool example shown and described below of how to draw the Fibo Projection Levels Tool.
The Fibo projection trading tool example shown & described below displays the 3 XAUUSD Chart Points where the Fibo projection trading tool is plotted - marked as XAUUSD Chart point 1, Gold Chart point 2 & XAUUSD Chart point 3.
Gold Chart point 1 is where trend started, XAUUSD Chart point 2 is where price pulled back and retraced & XAUUSD Chart point 3 is where retracement reached as illustrated on the Fib Projection Levels Tool example shown and explained below.
The First Fibo Projection Level is the 61.80% Fibo Projection Level & the second is 100.0 Fibo Projection Level shown on the Fibo Projection trading tool Below - These Fibo Projection Levels are Used by Traders to Set Take Profit Orders
How Do I Read 100.0% Fibo Projection Level - How to Analyze 100.0% Fibo Projection Level?
Please note where these Fibo Projection levels are plotted on the chart - Fibo Projection levels are drawn above the Fibo Projection trading tool, these are the chart points where a trader will place the take profit orders using these fibonacci Projection Levels - 100.0% Fibo Projection Level is the second Fibonacci Level.
Analyze 100.00% Fibo Projection Level
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