How to Trade 61.8 CFD Fib Projection Level

We useFibonacci Projection levels to estimate where the trend movement will reach. There are 2 important Fibo Projection levels: 61.8% & 100% Fibonacci Projection Levels, these are used for taking profit.

61.8% CFDs Trading Fib Projection Level

61.8 CFD Fib Projection Level is the most commonly used cfd profit taking level when trading using the Fibonacci Projection Technical Indicator.

To plot Fibonacci Projection zones 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. Fibonacci Projection Indicator is drawn using three chart points as illustrated and shown on the cfd example explained below of how to draw the Fibonacci Projection Indicator Tool.

The Fibonacci Projection examples explained below shows the Three Chart Points where the Fibonacci Projection 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 & retraced and Chart point 3 is where the cfd retracement reached as displayed on the Fibo Projection Technical Indicator Tool examples explained below.

The First Fibonacci Projection Level is the 61.8 CFD Fibonacci Projection Level shown Below Used to Set Take Profit CFD Orders

Fibonacci Projection Level is the 61.8 CFD Fibonacci Projection Level shown Below Used to Set Take Profit CFD Orders

Please note where these Fibonacci Projection levels are drawn - Fibonacci Projection levels are plotted above Fibo technical indicator, these are the chart points where one will set the take profit orders using these Fibonacci Projection Levels - 61.8% Fibonacci Projection Levels.