Fibonacci Silver Exercises

These exercises will give more examples on retracement and expansion. first exercise is to determine the direction of the trend & then determine if Fibo indicator used is Fibo retracement or expansion & then figure how it is drawn then practice drawing them on a xagusd chart.

Tasks:

1. Figure out the direction of the trend
2. Determine if Fibonacci is retracement or expansion
3. Figure-out how it is drawn
4. Practice plotting retracement or expansion on a xagusd chart.

To find a chart just Download MT4 trading platform from any one of the many xagusd brokers.

After you've downloaded MetaTrader 4, Navigate to the menu "insert" at top left corner, on the drop-down menu, click Fibo & choose either the option of Fibonacci retracement or expansion. Then draw it as explained in the previous courses of Expansion and retracement. Then do the following exercises:

Retracements & Expansions levels Exercise

Exercises 1:

Exercises 2:

Exercises 3:

Exercises 4:

Exercises 5:

Hint: point 1 to point 2 follows the trend direction

Hint: Fibonacci Retracement has points 1 & 2

Hint: Fibonacci Expansion has point 1, 2 & 3