100.0 Fib Projection Level - How to Analyze 100.0 Fibonacci Projection Level

We useFibonacci expansion levels to estimate where the market trend movement will reach. There are Two important Fibonacci expansion levels: 61.8% & 100.0% Fibo Projection Levels, these are used for taking profit.

100.0 Fib Projection Level - 100.0% Fibonacci Projection Level

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

Most forex traders will use the 61.8% Fibo Projection level.

To draw Fibo Projection levels on 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. Fibonacci Projection Indicator is drawn using three chart points as illustrated & shown on trading example below of how to draw the Fibonacci Projection Indicator Tool.

The Fibonacci expansion example below shows the 3 Chart Points where the Fibonacci expansion technical indicator is plotted, 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 and retraced & Chart point 3 is where the forex retracement reached as illustrated on the Fib Projection Technical Indicator Tool example below.

The First Fib Projection Level is the 61.80% Fib Projection Level and the second is 100.0 Fib Projection Level shown Below - These Fibonacci Projection Levels are Used by Forex Traders to Set Take Profit Orders

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

Please note where these Fibonacci Projection levels are drawn - Fibo Projection levels are plotted above Fibo indicator, these are chart points where one will set takeprofit orders using these Fibonacci Projection Levels - 100.0% Fibonacci Projection Level is the second Fibonacci Level.