Where Should I Place a StopLoss CFD Order using CFDs Fibonacci Retracement Indicator?

How to Set a Stop Loss CFD Order using Fibonacci Retracement Indicator

CFDs Fibonacci Retracement Zones Indicator

Fibonacci retracement levels provide areas of support and resistance, these can be used to set stop-loss levels.

CFDs Fibonacci Retracement level 61.8 % is the most commonly used level for setting stop-losses. A stoploss order should be set just below 61.8 % fibonacci retracement level

The 61.80% retracement level is used to set these orders since its rarely hit.

Fibo Indicator Stop Loss CFD Order Setting at 61.80% Retracement Level