To give you an idea of what Fibonacci sequence is-It is a set of numbers that starts with a one or a zero, followed by a one, and proceeds based on the rule that each number (called a Fibonacci number) is equal to the sum of the preceding two numbers.
Now in using it on your charts unfortunately as a broker, we are not allowed to recommend, but what you can do is research his work and then decide it if is suitable for you.
I really do apologize for this I hope I was able to help you, if you need more assistance please let me know.