Hello, and welcome to another episode of technical analysis show for trading binary options. Today I will show you detailed examples of trading while using one of the most basic things – Fibonacci lines. We will learn how to draw the lines, how to use it to trade, but also a neat little trick. An indicator, which draws the line for us.

**What are Fibonacci lines?**

Fibonacci lines are a very popular tool, used by the majority of professional traders. These lines are based on the use of numbers identified by mathematician Leonardo Fibonacci. This series of numbers (*0, 23.6, 38.2, 50, 61.8, 100*) can be used in trading, because the price often makes reversals at these lines.

The lines are very easy to draw. See **Figure 1**

Just use the Fibonacci lines tool and connect those two said points. This gives us something similar to what we can see in the **Figure 2**

Now we can see that in the vicinity of the aforementioned lines, the price broke (see **Figure**** 3**) and (at least short-term) turnover has happened. I will tell you right now how can this be utilized.

**How To Trade Binary Options Using The Fibonacci Line?**

Check out the **Figure 4** We have marked F.L. (Fibonacci lines) thanks to previous swing (orange points **A** and **B**) and now we can happily trade. Look at how many opportunities (marked by the blue circle) to trade were provided by the F.L.

**The Best Fibonacci Lines**

The best lines on which the turnover almost always occurs are the **0**, **50** and the **100 **lines.