Here is my Fibonacci strategy i am trying out...
After marking my key zones of
- Support and Resistance and observing higher lows in the Downtrend i was anticipating for a Trend change to the upside.
- i then watched this Bullish push to the next level of resistance which it strongly rejected.
- Now i will be hoping for a pullback to around the 0.7 on the fib, in which i was go long and enter on the 5m - 15m Time frame.
SL - 3739 (1 on the fib)
TP1 - 3796 (0.382 on the fib)
TP2 - 0 on the fib, or just let it run
Any feedback is appreciated if you trade with a similar strategy drop me a message! Cheers ( ALSO using a free Fib indicator on this chart )
After marking my key zones of
- Support and Resistance and observing higher lows in the Downtrend i was anticipating for a Trend change to the upside.
- i then watched this Bullish push to the next level of resistance which it strongly rejected.
- Now i will be hoping for a pullback to around the 0.7 on the fib, in which i was go long and enter on the 5m - 15m Time frame.
SL - 3739 (1 on the fib)
TP1 - 3796 (0.382 on the fib)
TP2 - 0 on the fib, or just let it run
Any feedback is appreciated if you trade with a similar strategy drop me a message! Cheers ( ALSO using a free Fib indicator on this chart )