Where Should I Place a Stop-Loss Indices Order using Fibonacci Retracement Indicator?

How to Set a Stop Loss Indices Order using Fibonacci Retracement Indicator

Fibonacci Retracement Zones Technical Indicator

Fibonacci retracement levels provide areas of support & resistance, these can then be used to set stoploss levels.

Fibo Retracement level 61.8% is the most oftenly used level for setting stoplosses. A stoploss order should be set just below 61.80% Fibonacci retracement level

The 61.80% retracement level is used to set these orders since its rarely hit.

Fibonacci Indicator Stop Loss Indices Order Setting at 61.80% Retracement Level