We have price consolidation near fibbo line 0.236 level on W TF. If breakout the fractal_based line(red) than probably correction continue to 0.382 or higher fibbo line.But I need hunt the reverse of down_trend, so follow my signals on lower TF to take a great part of the market!
On background the down_trend on higher TF we may have correction zone from fibo 0.236 level. So I want enter to market aggressive on probably point of reverse(correction)/ so setup pending order on breakout fractal_based line for sell and dont forget about Stop Loss! If CL will move up and breakout fractal_based line for buy and fibbo line 0.236 level than will...
On background the down_trend (on higher TF) we probably have correction from fibo line 0.618 level. So, setup pending sell order on breakout the fractal_based line. Dont forget about Stop Loss! (short_term trend is rising, so we will follow the rising trend if trade will stop by Stop Loss). I want take a great part of the reversal movement! So, follow my signals...
Alligator sleep so long. Its mean that we will have strong imulse. Price brokeout the fractal_based line for sell yesterday. So more likely when Alli will wake up - impulse will be for down movement of price. Set pending sell stop order on point of breakout fractal_based line for sell. Follow my signals to take a great part of the trend when Ali will wake up.
Whe have 2 options: 1) Correction from fibbo support line 0.236 level - set buy stop order on breakout the fractal_based line for buy. 2) But level 0.236 not so strong and we may have extension of correction(down_trend), than set sell stop order on the breakout of the fractal_based line for sell. Dont miss new signals for more detaila analys!