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How to Use Fibonacci Retracements in Trading

Fibonacci retracements are a popular tool used in technical analysis by traders to identify potential levels of support and resistance in financial markets. By plotting key levels based on the Fibonacci sequence, traders can gain insight into where to enter or exit a trade, as well as confirm other technical indicators. In this article, we'll explore the basics of Fibonacci retracements and how to use them in your forex trading strategy.

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