Where Should I Place a StopLoss using Fibonacci Retracement Indicator?

Determining Where Should You Place a Stop-Loss using Fibonacci Retracement Indicator?

Fibonacci Retracement Zones Indicator

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

Fibo Retracement level 61.8% is the most oftenly used level for setting stoplosses. A stoploss order should be set just below 61.80% Fibonacci retracement level

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

Where Should I Place a Stop-Loss using Fibonacci Retracement Indicator? - Fibonacci Indicator Stop Loss Setting at 61.8 % Retracement Level