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RSI Fibonacci Levels Strategy

15 823
RSI with Fibonacci Levels

Visually can be used as:
- Countertrend indicator at extreme green/red lines
- Follow trend indicator
- Fibonacci supports and resistantes zones

The strategy works as a follow trend

How to trade:
The indicator is more reliable in longer time frames, at least 4H
Choose a fibonacci level as reference
Buy when the RSI line turns green
Sell when the RSI line turns red

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