Louis Jnr Book

how to use it in a simple and efficient way in
combination with the inside bar false breakout.
What you have to know is that in an uptrend or a
downtrend, the market creates impulsive moves and
pullbacks.
The Fibonacci retracement helps us highlight the
most important pullbacks levels in the market.
The best Fibonacci retracement levels that i
personally use are the 50% and 61% levels, according
to my experience these levels are the most important
areas that experienced trader watch in their charts.
Our strategy is simple, we select the technical tool on
our chart, and if the market moves strongly, we wait
for retracements, if the pullback reaches 50% or 61 %
levels, we need just a price action signal to confirm
our entry. See the example below:
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