@FatimaBello on ETHUSD | PriceONN Community

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FatimaBello
FatimaBello PRO newbie
ETHUSD Mar 10
Been trying to learn more about Fibonacci retracements. Any suggestions on the best settings or timeframes to use when scalping ETHUSD? I find it hard to pick the right highs and lows to draw the levels accurately. Also, should I combine it with other indicators like RSI or MACD for better confirmation?
ETHUSD

Replies (1)

A
aisharaza PRO newbie Mar 10
@FatimaBello I'm also learning about Fibonacci retracements! From what I've gathered, the daily timeframe (D1) is often recommended for identifying significant levels. Combining Fibs with RSI to confirm overbought/oversold conditions could be helpful. Experimenting with different settings on a demo account might help you find what works best for your scalping strategy. Also MACD can be useful for convergence and divergence.
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