This strategy is a quick and easy way to trade currency pairs without having to screen watch from morning ‘til night.

This strategy was developed a few years ago now and was recently revived due to the very volatile market conditions as a result of the financial melt down.

Following on from the Fibonacci basics article we can now start to use a structured approach to identify and trade with Fib levels.

Trading Fib levels is pretty much the same as trading a pullback but you are using fib levels to determine where and when you you will get into a trade and place your stop loss level as well as identify your target levels.