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Can Fibonacci replacement be used in short time frames, if yes what does it show, trend change or ?
indicators
- 9 Answers
- In Forex General
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- John Ka...
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- 1 year ago
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You get the least effect with smaller time frames. Works better on a 1H time frame. |
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Fibonacci replacement can be used in any time frames, including short time frames. Fibonacci replacement will act as an indicator. |
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It can but anything less than 5 min is pushing it. Its for retracements and the smaller the time frame the less appealing it can be |
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There is no time frame one cannot use Fib retracement In a trending market Fib retracement shows supports and resistance levels,Also it can be used to determine profit level. |
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Yes it can be used in shorter time frames. They can best when there is trending in the market. |
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Fibonacci retracement can also be calculated in shorter time frames as the same principles apply. They can work when market is trending. |
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Yes, It can be applied but It would be less effective compared to higher time frame like H1 or higher. |
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Yes it can be used in short time frames like 5 minutes, 15 minutes but the move which you take from high to low to find the retracement must be at least 20 pips or more. |
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