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AutoFib TradeZones is a price-level analysis indicator that plots automatic Fibonacci levels on MT4 charts. You can use this charting indicator for all type of trading instruments – forex, stocks, crypto – and it provides the trader with universal tools that are internationally accepted.
This measure mainly identifies the possible pullback zones of the price, especially during an on-trend market. However, expert day traders use Fibonacci levels for anticipating counter-trend and swing entry positions
As most traders are well-versed in the principles of the price market, they should be able to easily identify potential buy/sell entry levels by using the AutoFib TradeZones.
You can trade anything from 1-minute charts to monthly ones, which means you can perform scalping and intraday trades simultaneously.
Conclusion
Auto Fib supports your goal of entering or exiting the market at the right moment. It has been proven to be one of the most reliable retracement tools by traders. Plus, you can add a price channel to help make dynamic support & resistance levels easy to determine.
Looking for more ways to trade? AutoFib TradeZone is a good choice because it has a super price-level indicator and records high-quality charts.
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