Trading with the trend is the lowest risk, highest probability trade.

Fibonacci Retracements measure the 38.2%, 50%, and 61.8% of the previous swing. In this example the market shot up about 25 pips and the FX Multimap was very strong (over 20). You normally want to trade with the new uptrend on the first pullback. Professional traders always say "The first pullback is the best pullback".

Where to get in?

We usually recommend the 50% or 61.8% retracement. In this case you would have bought at 1.3545 (50%) and you can see the Fibonacci Profit Targets are excellent places to take profit.

Where to get out?

At the 1.382 Fib Target you would have made 35 pips.
At the 1.618 Fib Target you would have made 45 pips.



Please view our Hypothetical Results Disclosure and LeverageFX Disclosures