One good tool to be paired with Fibonacci tool is the trend line analysis or trendline. As we already know, Fibonacci levels will work best when the market is trending, so it fits right?
Okay, we remember that whenever a currency pair is experiencing a downtrend or uptrend, then the trader can use Fibonacci retracement of the leve-level as a smart way to take advantage of the trend. Well then, why do not we just find Fibonacci levels right coincides with the trend?
Good, let's look at the chart of AUD / JPY below. We'll see, price is increased short-term trends in a few days.
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