Just go ahead that Fibonacci Retracement is a favorite analysis tool for traders, number accuracy Fibonacci in forex analysis is quite famous. According to Fibonacci scientists is "God's Numbers" because this Fibonacci number combination can be found in nature even exists in every inch the proportion of the ideal human body.

In Metatrader 4 (abbreviated MT4) there are several fibonacci retracement levels, namely: 0 , 23.6, 38.2, 50, 61.8, 100, 161.8, 261.8 and 423.6 Many analysts and traders have style and characteristics of analysis based on correction or rebound from the price. They will try to find prices highest or lowest then take a position afterwards. The view that prices will reverse (retrace) from the initial