Fibonacci CFD Exercises

These exercises will give more example on retracement & expansion. The first exercise is to figure out the direction of the CFD trend and then determine if the Fibo tool used is retracement or expansion and then figure how it's drawn then practice drawing them on a cfd chart.

Tasks:

1. Figure out the direction of the CFD trend
2. Determine if the Fib is retracement or expansion
3. Figure how it is drawn
4. Practice plotting retracement or expansion on a cfd chart.

To find a cfds trading chart just Download MetaTrader 4 platform from any one of the many cfd brokers.

After you've downloaded MetaTrader 4, Go to the menu 'insert' at tops left corner, on the drop down menu, click Fibo and select either the option of retracement or expansion. Then draw it as described in the previous tutorials of Expansion & retracement. Then do the following exercises:

Retracements and Expansions Exercise

Exercises 1:

Exercises 2:

Exercises 3:

Exercises 4:

Exercises 5:

Hint: point 1 to point 2 follows the cfd trend direction

Hint: Retracement has points 1 and 2

Hint: Expansion has point 1, 2 & 3