MMSM (if we entering sells)
If we break 37899.3 which is the golden
level entry zone on the 1H fib as well as
a break of support and the parallel channel

Enter sell positions at 37880
confluence from Support break +
Parallel channel break and entry
golden zone level (3 confluences)

Hold sells till 37770.2 at TP 1 and then
close partials and wait to see if we break this
support
(1098 pips profit)

IF we break 37747.6 then take further
sells till the 1H retest level other wise
known as the CHOCH retest

Close Biggest lot size at TP 2 which is 37603 and wait
to see if we can break this CHOCH
(2770 pips profit)

If we break 37574 then open runner sell positions for hedging
profits from sells and try hold long

TP 3 will be the exit zone of the 1H fib level at 37478 (4020 pips profit) however we can
now keep holding because it's also
the 4H Fibonacci Golden level entry zone
of 0.236

If we break 37574 then open runner sell positions for hedging
profits from sells and try hold long

TP 3 will be the exit zone of the 1H fib level at 37478 (4020 pips profit) however we can
now keep holding because it's also
the 4H Fibonacci Golden level entry zone
of 0.236

TP 4 will be 37402 which is the exit of the 0.236 4hour
golden zone level but also a strong support level (4770 pips profit)

If we break the support at 37403 then open
more runner sells of smaller lot sizes and
hold till the next golden level zone on the 4H
Fib at 0.382

TP 5 will be 37121.5 which is the entry
of the next 4H fib level at 0.382 but also
the next level of support but also the full
100% retracement of the 1H Fib so close trades
again and wait for the test
so far 37 880 initial entry - 37121.5
= 758,5 pips x 10 (indices multiplication)
= 7585 pips profit

MMBM (if we entering buys)
38143.7 is the entry zone for buys
if we extend out of the 1H fib level

38376.8 is TP 1 for buys if we extend
passed our 0 level on the 1H fib chart
38376.8 - 38143.7 = 232,3 x 10
= 2323 pips profit on buy

NOTE
If you are closing and entering partial
positions (hedging strategy)
Always make your new SL the previous
TP or abit before you should be able to hold
losses and still be in profit if you can closed out
because your new lot size is smaller than your
previous win. You should be profitable either way
thats proper risk to reward and your funds well managed!

Also note that some brokers are different so this one that I analysed on is 100 pips below
my current spreads on MT4 so I will be entering my trades at 100 pips higher on my phone.
Example: This charts entry point is 37 880 but on my metaquotes I will need to enter the trade at 37 890 for accuracy

You can compare your brokers metaquotes to this trading views quotes by opening your MT4 on phone and seeing the difference
Trend Analysis

Penafian