1. Price was trending down so i wait for a break of my key level 2. Price broke below my Key level (1.425) 3. I placed a Fib tool from the last high to the low as we are trending down. 4. I wanted a second layer of confluence which was a fib level, the level had to line up with my Key level (1.425) before my trade idea is valid 5. Price retraced to 61.8 fib level and rejected so i entered the trade. 6. It took a couple of hours for my trade to hit tp.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.