How to Trade 100.0 CFD Fib Expansion Level

We useFibonacci expansion levels to estimate where the trend movement will reach. There are 2 important Fibonacci expansion levels: 61.8% and 100.0% CFD Fibonacci Expansion Levels, these are used for taking profit.

100.0% CFDs Fib Expansion Level

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

Most cfd traders will use the 61.8% CFD Fibonacci Expansion level.

To draw CFD Fibonacci Expansion levels on the cfds chart we wait until the cfd price retracement is complete & the price starts to move in original direction of the CFD trend. Where the cfd price retracement reaches is used as chart point 3. CFD Fibonacci Expansion Technical Indicator is drawn using three chart points as displayed on the trading example explained below of how to draw the CFD Fib Expansion Technical Indicator Tool.

The Fib expansion examples described below shows the Three Chart Points where the Fibonacci expansion indicator is plotted, marked as Chart point 1, Chart point 2 and Chart point 3.

Chart point 1 is where the cfd trend started, Chart point 2 is where the cfd trend pulled back and retraced and Chart point 3 is where the cfd retracement reached as displayed on the CFD Fibonacci Expansion Indicator Tool example explained below.

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

61.8% CFD Fib Expansion and 100.0% CFD Fib Expansion Level Used to Set Take Profit CFD Orders

Please note where these CFD Fib Expansion zones are drawn - CFD Fibonacci Expansion zones are plotted above the Fib technical indicator, these are the chart points where one will set the take profit orders using these CFD Fibonacci Expansion Levels - 100.0% CFD Fibonacci Expansion Level is the second Fibonacci Level.