Fibonacci Retracement, Price Action, Smart Money Concepts Strategy

Learn a multi-timeframe trading strategy combining Fibonacci retracements, price action, and Smart Money Concepts for Gold and EUR/USD on 1-hour and 5-minute ch

Published · Updated · Methodology: Mixed

Part of: Fibonacci Trading

  • Methodology: Mixed
  • Content type: strategy
  • Timeframes: 1 hour, 5 minute, Higher time frame
  • Markets: Gold, Euro dollar, Any chart

Indicators used

  • Fibonacci Retracement
  • Price Action
  • Smart Money Concepts

Source video

Decoded from: Fibonacci Strategy Professional Traders Actually Use by Smart Risk — watch the original

Key timestamps:

  • 0:00 - Introduction to Fibonacci Retracement
  • 2:50 - Setting up Fibonacci tool on TradingView
  • 4:15 - Important Fibonacci levels and zones (Premium/Discount)
  • 6:00 - Strategy 1: Trend Continuation with Fibonacci
  • 8:50 - Strategy 1: Real chart example
  • 11:00 - Strategy 2: Fibonacci with Price Action and Market Structure
  • 14:00 - Strategy 2: Real chart example

Strategy overview

A Fibonacci retracement measures how far a move has pulled back against itself, and the resulting levels are used to judge where a trend might resume. What distinguishes this entry is the vocabulary Smart Risk builds around that measurement: rather than treating the levels as bounce points to react to, the video frames the retracement range in Smart Money Concepts terms — premium and discount — so the tool stops answering 'where might price turn?' and starts answering 'is this price expensive or cheap relative to the move that produced it?' The retracement becomes a valuation map, and that reframing is what the rest of the video rests on.

Structurally, this is a two-setup catalogue rather than a single system. Roughly the first third of the runtime goes to the instrument itself — placing the tool on TradingView and establishing which levels and zones the method cares about — before any entry logic appears. Only then does the video present a trend-continuation setup and walk it through a real chart example, then follow with a second variant that leans on price action and market structure instead. The same measurement is applied twice under different confirmation regimes, across a 1-hour and 5-minute working pair with a higher timeframe sitting above both for context.

The title's framing — the Fibonacci strategy 'Professional Traders Actually Use' — is an appeal to institutional practice rather than something the video sets out to evidence, and it is worth reading as positioning. This page covers the underlying concept and the shape of what Smart Risk presents: the two setups, the order they are taught in, and the premium/discount lens that connects them. It is an orientation to the video's approach, not a rule-by-rule specification.

Topics

fibonacci retracement strategy · price action strategy · smart money concepts · smc strategy · gold trading strategy · eur usd trading strategy · 1 hour strategy · 5 minute strategy · swing trading · trading strategy · pine script · tradingview strategy · ict trading · forex strategy

Frequently asked questions

What does it mean to read Fibonacci levels as premium and discount zones?

It borrows framing from Smart Money Concepts: instead of watching for a reaction at one specific line, the retracement range is split into a relatively expensive half and a relatively cheap half compared with the move that produced it. The question becomes whether current price is a favourable location to join the existing direction, rather than whether a particular level will hold.

Does this video teach one Fibonacci strategy or several?

Two. After an opening section on setting up the tool and defining which levels and zones matter, it presents a trend-continuation setup with a worked chart example, then a second variant that combines Fibonacci with price action and market structure.

What timeframes does this approach use?

It works across a 1-hour and 5-minute pairing, with a higher timeframe used for broader context above both. The combination means the retracement is measured on one scale and acted on at a finer one.

How do I know whether a Fibonacci approach fits my own trading?

Test it on historical data on the instruments and sessions you actually trade before committing capital, since retracement behaviour varies a great deal by market and volatility regime. Strategy Decoder catalogues strategies like this one from video sources so you can evaluate the approach and take it to TradingView yourself.

About this strategy page

This trading strategy was decoded by Strategy Decoder's AI from a public YouTube trading video and turned into a structured, reviewable specification. In the interactive app this page shows the full entry and exit logic, risk management settings, the indicators involved with their parameters, AlgoWizard-compatible logic and a Pine Script export ready for TradingView backtesting — plus an automated backtest verdict when one has been computed for this strategy.

Strategy Decoder catalogs 2,229 decoded strategies. Each one is extracted with confidence scoring, cross-linked to the indicators it uses, and kept up to date as new videos are processed daily. Load this page with JavaScript enabled to use the interactive tools, or start from the strategy explorer to filter by methodology, market and timeframe.

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