100.0 Fib Extension Level - 100.0% Fibonacci Extension Level - How to Trade 100.0 Fib Extension Level

We useFibonacci expansion levels to estimate where the trend movement will reach. There are 2 important Fib expansion levels: 61.80% & 100.00% Fibonacci Extension Levels, these are used for taking profit.

100.0 Fib Extension Level - 100.0% Fibonacci Extension Level

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

Most forex traders will use the 61.8% Fibonacci Extension level.

To draw Fibo Extension levels on the forex chart we wait until the forex price retracement is complete & the price starts to move in original direction of the Forex trend. Where the forex price retracement reaches is used as chart point 3. Fibo Extension Indicator is plotted using three chart points as illustrated on the trading example below of how to plot the Fibonacci Extension Technical Indicator Tool.

The Fibonacci expansion example below shows the 3 Chart Points where the Fibonacci expansion technical indicator is drawn, marked as Chart point 1, Chart point 2 & Chart point 3.

Chart point 1 is where the forex trend started, Chart point 2 is where the forex trend pulled back & retraced and Chart point 3 is where the forex retracement reached as displayed on the Fibonacci Extension Technical Indicator Tool example below.

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

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

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