How my chart look, using (S)&(R) with OrbFib. Open~Close.
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!
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