Fibonacci 

INTRODUCTION

One of the most essential and simplistic concepts, which some would say is fundamental to trading, is the Fibonacci tool.

Predominately Fibonacci is used to analysing retracements for an entry followed by targets based accordingly to fib extensions.

PREMIUM & DISCOUNT

Ideally, the base principal is to-buy in discount- and sell in premium.

Using premium & discount is not necessarily an entry trigger but shows perspective with price structure which allows you to determine where to buy and sell if the setup is valid and it continues trend being that it fits your bias. 

The OTE is recognised for frequent reversals which makes it a significantly useful entry point when aligned with trade bias and a point of interest.