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You can identify these zones using the Fibonacci retracement tool. The area above the 50% retracement level is the premium zone, while the area How I use the Fibonacci tool for premium and discount #smc #smctrading #forex
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Traders use the Fibonacci retracement tool to mark premium and discount levels within a price range. Recommended Fibonacci Settings. 1 (Start) Likewise in trading to buy anything a trader will be buying it at discount and to sell you will look for a premium price. Fibonacci Settings for Premium Zone and Discount Zone in Smart Money Concept #shorts
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How To Identify and Trade Premium & Discount Zones We hope you enjoyed our video. Please Like and Subscribe for more tips. Anything below the 0.5 Fibonacci level is a Discount Market zone. If the momentum is upward, then this is the most favorable range to consider
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