Technical analysis, level 3: Fibonacci, timeframes and confluence
Combine what you have learned into a structured read of the chart: Fibonacci areas, a top-down timeframe routine, independent reasons that line up, and the indicator habits to drop. Worked examples on gold, EUR/USD and Saudi Aramco (2222), a practice task and a “mark this chart” exercise in every lesson.
⚠️ Risk warning: CFDs and leveraged forex are complex instruments with a high risk of losing money rapidly. Most retail accounts lose money. This content is education only, not investment advice or a recommendation.
0 of 4 lessons completed
- 1Fibonacci retracements and extensions
Draw Fibonacci retracements on the right swing, read the 38.2%, 50% and 61.8% levels as areas rather than exact prices, and use extensions as planning references. Gold and EUR/USD examples.
4 min read - 2Multi-timeframe analysis
Use a higher timeframe for the trend, a middle one for the setup and a lower one for the trigger. Learn how to pick the timeframes and how to avoid trading the lower timeframe against the bigger picture. Gold and EUR/USD examples.
3 min read - 3Confluence: when reasons line up
Combine independent reasons (a level, a Fibonacci area, a trendline, the trend) into one zone, and avoid counting the same reason twice. Saudi Aramco (2222) and gold examples.
3 min read - 4Indicator mistakes: repainting, overfitting, too many lines
Recognise the indicator mistakes that cost traders money: repainting tools, settings fitted to the past, stacks of indicators that say the same thing, and signals taken against the trend. EUR/USD and gold examples.
3 min read