Fib retracement to the .618
Possible at market entry or more conservative Double Bottom entry
Stop Loss 5-10 pips below .618 or 8pips below most recent low.
target 1 at Fib 1.618
target 2 at Fib 2.272
Lets see how it plays out.
P.S. I mainly trade the FIB .50 retracement to retest the high. However, if entered at fib .618 retracement then TP-1 will be at the fib 1.618 ext of the first wave of the Trend.
Possible at market entry or more conservative Double Bottom entry
Stop Loss 5-10 pips below .618 or 8pips below most recent low.
target 1 at Fib 1.618
target 2 at Fib 2.272
Lets see how it plays out.
P.S. I mainly trade the FIB .50 retracement to retest the high. However, if entered at fib .618 retracement then TP-1 will be at the fib 1.618 ext of the first wave of the Trend.
Trade closed: target reached:
Target 2 reached and beyond.
Roll stop to break even or trail stops to target 2 and beyond.