Forex Day Trading Strategy
You can utilize this simple yet very effective Forex Day Trading Strategy on any pair. A good time frame to set your charts for Day Trading is either the 15 minute time frame or the 30 minute time frame. This will give you the right amount of detail for Day Trading.
This Forex Day Trading Strategy also utilizes Fibonacci Retracement Levels, which are the Purple Lines in the video, that display the .382, the .5 and the .618, Fibonacci Retracement Levels. Those 3 levels are the most important Fibonacci Retracement Levels.
This Forex Day Trading Strategy also utilizes Daily Pivot Points. So make sure your charts include both of these tools: The Fibonacci Retracement and the Daily Pivots.