EURUSD Price Action and Fibonacci Ret. Confluence Motivation
Motivation to learn Price Action and Confluence
Bullish Pattern formed on fibonacci retracement level, two consecutive patterns 3Bar Pinocchio and 1Bar Pinocchio Bar
Entry at highest, SL and lowest, TP at fibonacci retracement level
Trailing Stop is prefered and used to optimize risk/reward ratio (when SL is trailed the reward increases in relation to the hard entered SL) (currently SL trailed to be 6.9Pips an TP 53Pips for a 1:7.6 r:r ratio)
Follow for more motivation and ideas
Bullish Pattern formed on fibonacci retracement level, two consecutive patterns 3Bar Pinocchio and 1Bar Pinocchio Bar
Entry at highest, SL and lowest, TP at fibonacci retracement level
Trailing Stop is prefered and used to optimize risk/reward ratio (when SL is trailed the reward increases in relation to the hard entered SL) (currently SL trailed to be 6.9Pips an TP 53Pips for a 1:7.6 r:r ratio)
Follow for more motivation and ideas
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