Yesterday a bullish engulfing candle appear in daily chart. We are sure that there is a PROBABILITY of reversal pattern. Using fibo, my entry is at fibo level 50.
Entry based on fibo and bullish engulfing signal at H4. Entry @ Fibo Level 50 SL @ Fibo Level 0
Swing trading, based on reversal signal on monthly candle. Just set and forget. SL @ Fibo 0 Entry @ Fibo 0.5 to 0.618 Once price reaches and breaks the TP level, dont forget to set BE. It might reach TP4.
Based on reversal signal & SNR Entry - area between 0.618 to 0.5 Fibo SL - Fibo 0 TPs level - if break with full body candle, it can go further up
If and only if bearish engulfing happen at Daily TF. Entry will in between 0.618 to 0.5 Fibo level.
SL - fibo 0 Entry - fibo 0.5 to 0.618 Has 4 TPs. If candle breaks the TP line with full body candle, means it will go further to the next TP.
Observed a reversal pattern at weekly TF. Time to use fibo. Entry at 0.5% retracement fibo weekly (full doji candle).
Based on candle reversal signal & fibo retracement.
SL - fibo 0 Entry - between fibo 0.5 to 0.618 TP - if candle break TP line with full body, means it will go further down.
En break short to 1.60000. Based on fibo retracement