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Combining Fibonacci Retracement with the Engulfing Candlestick pattern is a "High-Probability" trading technique. Think of it this way: Fibonacci helps you find the right location, while the Engulfing pattern provides the green light to take action. Here is a brief description of the strategy: 1. Fibonacci Retracement (The Roadmap) Fibonacci is used to identify potential correction (pullback) levels within a trend. Traders typically focus on the "Golden Zone," which is the area between the 0.5

Combining Fibonacci Retracement with Candlestick Engulfing is a "High Probability" trading technique. Fibonacci helps you find the right location, while Engulfing gives you the green light to step on the gas. Here's a brief explanation: 1. Fibonacci Retracement (The Road Map) Fibonacci is used to find correction areas (pullbacks) within a trend. Traders typically monitor the "Golden Zone," which is the 0.5 (50%) to 0.618 (61.8%). * Function: Determines where the price is most likely to rebound

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