100.0% Forex Fibonacci Expansion Level

We use Fibonacci expansion levels to project where the market trend movement will get to. There are 2 important Fibonacci expansion levels: 61.8% Fib Expansion Level & 100.0% Fib Expansion Level, these fibonacci expansion levels are used for setting forex taking profit orders.

100.0 percent Forex Fibonacci Expansion Level

100.0 Fibonacci Expansion Level is not commonly used to set profit booking orders when forex trading using the Fibo Expansion Indicator.

Most traders will use the 61.8% Fibonacci Expansion level.

To draw Fib Expansion levels indicator on the chart we wait til the price retracement is complete and price begins heading in original direction of market trend. Where the price pull back gets-to is used as point 3. Fibonacci Expansion Indicator is plotted using three chart points as shown on the Fib Expansion indicator example below of how to plot the Fib Expansions Tool.

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

Chart point 1 is where trend started, Chart point 2 is where price pulled back & retraced and Chart point 3 is where the retracement reached as highlighted on the Fib Expansions Tool example below.

The First Fibonacci Expansion Level is the 61.8% Fibonacci Expansion Level and the second is 100.0 Fibonacci Expansion Level shown on the Fib Expansion indicator Below - These Fib Expansions are Used by Traders to Set TP Orders

How Do I Read 100.0% Fibonacci Expansion Level?

Please note where these Fib Expansion zones are plotted on the chart - Fibonacci Expansion areas are drawn above the Fib Expansion indicator, these are the chart levels where one will set take profit orders using these Fib Expansions - 100.0% Fibonacci Expansion Level is the second Fib Level.

How Do I Read 100.0% Fibonacci Expansion Level? - How Do I Analyze 100.0% Fibonacci Expansion Level?