How to Trade 100.0 CFD Fib Extension Level

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

100.0% CFDs Fib Extension Level

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

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

To draw CFD Fibonacci Extension 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 Fibo Extension Indicator is drawn using three chart points as illustrated on the trading example explained below of how to draw the CFD Fibonacci Extension Technical Indicator Tool.

The Fibonacci expansion examples shown & illustrated below shows the Three 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 and Chart point 3 is where the cfd retracement reached as shown on the CFD Fibo Extension Technical Indicator Tool example illustrated below.

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

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

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