Long

Fibonacci Trading And Price Action

Updated

This is a setup of my Fibonacci price cluster, I set up and found a pretty potential point to be able to enter a buy direction trade on the short time frame.

Trade active

Trading point has been activated.
Let's wait and see how prices will run with economic news tomorrow.

Note

I'm hoping for a GAP tomorrow.
This could be a SWING for the rest of the week.

Note

Leaving the stop loss to breakeven, I don't expect the stop loss to work yes if the stop loss is active the price can slide quite far

Trade closed manually

Closed

Note

At the beginning of the week, people should not trade with too much volume, There is still a long week. Slow down a bit for a better understanding of the market.

Persephone_AM

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