Best Forex

Forex Strategy H4 Fibonacci Method – multi-currency, trend forex strategy, trading on the time interval H4, additional indicators – 2 moving averages, indicator RSI, the main tool – Fibonacci (Fibonacci levels).
As some professional traders say: “Fibonacci – the only “indicator”, which predicts the reversal points of a trend  in the financial markets. This can be your personal Best Forex System!
That is why the Fibonacci tool is so popular in forex trading, and in all financial markets – it is indeed one of the best tools that can predict a trend reversal point (or a temporary rebound), so it helps the majority of traders to profit using this indicator skillfully in the forex market.
Let’s look at forex strategy, in which the Fibonacci play quite a role. So to trade forex strategy H4 Fibonacci Method, must be installed on the chosen currency pair (which, again, can be any), the following forex indicators:

1. Daily chart (D1) –  Relative Strength Index Oscillator with a period of 14 to apply to close (RSI (14)), as well as add a level of 50
2. H4 chart – Exponential Moving Average EMA (100), applied to a close – the color green
3. H4 chart - simple moving average SMA (150), applied to a close – the color red

And also we need a tool Fibonacci levels 0.382, 0.618, 0.236 and 0.764.
Go long if:

1. RSI (14) on the daily chart was closed and is located above the level 50 – trade only in this direction! Shorts does not conclude!
2. Green Moving Average EMA (100) crossed the red moving average, SMA (150) from the bottom up – will trade only in this direction!
3. Find the two closest extremum – minimum and maximum distance between them is at least 100 points. And no matter where the trend between the extremes – up or down.
4. Stretch Fibonacci according to the extrema.
5. We wait until the price comes to a range between the Fibonacci levels 38.2% and 61.8%.
6. And then waiting for the price out of these levels and closes the first candle (candle complete – including the tail) above the level of 76,4% (if we stretched the Fibonacci down – corrective movement to the rising trend), or 23,6% (if we Fibonacci stretched from the bottom up – the direction of travel of the upward trend).
7. Stop-loss set at least at the level of 100 points, or under the nearest local minimum.
8. Profit target set at a distance of 161.8% of the extended Fibonacci sequence by which you have entered the market. If desired, you can use the trailing stop or close the deal at a distance of 261.8%, etc.

To go short – vice versa.