Fibonacci retracements

[winscon sophia]

Hi all, can anyone further explain what is fibonacci retracements? I don't really get how its works after watch video and google about it.Hmm.










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[fxgator]

We just use fibo retracements to find the retracement of a move. We try to follow the trend and find the area which price will some back (retrace) before continuing its move

 

[winscon sophia]

Just like that? Lol, mb i over thinking already. thanks alots anyway. XD