Where Should I Place a Stop-Loss Commodity Trading Order using Commodity Fibonacci Retracement Indicator?

How to Set a Stop Loss Commodity Trading Order using Commodity Fibo Retracement Indicator

Commodity Trading Fib Retracement Levels Technical Indicator

Fib retracement levels provide areas of support & resistance, these can then be used to set stoploss levels.

Commodity Trading Fibonacci Retracement level 61.8 % is the most commonly used level for setting stoplosses. A stop-loss 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 Commodity Order Setting at 61.80% Retracement Level