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AutoFib Trading Zone is an easy trading system based on the Fibonacci Auto trading zone indicator. Red Zone only sell trades, Buy zone only buy trades.
The main feature of the system is to wait for the price action that arrives in a Buy or Sell area and wait for a price reversal signal. Use as reversal markers 3 ZZ level semafor + a zig zag breakout arrow (price action signal), if the signal fails wait for the next always in the same area.
Buy and Sell zones calculated on the basis of fibonacci ratios and represent areas of support and resistance where a price inversion can be expected.
AutoFib_TradeZones is a mt4 (MetaTrader 4) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits.
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