When Market open:
1) wait 5min close to draw Orb Fibonacci(0%,0.5%1.0%,1.5%,2%)
wait 15min to close to draw Orb Fib.
2) Keep looks for (S) anf (R) to draw after 5min&15min candles close.
3)use (Support)&(Resistance) from your "drawing" and (Support)&(Resistance) from "Orb Fib" levels to CALCULATE your Risk to decide where is to enter trade.
Sniping tips: Entry signal look for (S) or (R) pullback rejection by bouncing the level of (S)/(R),
Reason is bc it show solid respect to that specific (S) or (R).ITo me it's an area that Price is not ready to break over/under yet.
That will allow you time use that current new (S)/(R) rejection entry to aim that prev (S)/(R)!
and Possibly break out of that too, just make sure you are following the bigger picture trend!
1) wait 5min close to draw Orb Fibonacci(0%,0.5%1.0%,1.5%,2%)
wait 15min to close to draw Orb Fib.
2) Keep looks for (S) anf (R) to draw after 5min&15min candles close.
3)use (Support)&(Resistance) from your "drawing" and (Support)&(Resistance) from "Orb Fib" levels to CALCULATE your Risk to decide where is to enter trade.
Sniping tips: Entry signal look for (S) or (R) pullback rejection by bouncing the level of (S)/(R),
Reason is bc it show solid respect to that specific (S) or (R).ITo me it's an area that Price is not ready to break over/under yet.
That will allow you time use that current new (S)/(R) rejection entry to aim that prev (S)/(R)!
and Possibly break out of that too, just make sure you are following the bigger picture trend!
Disclaimer
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.
Disclaimer
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.