Fibonacci can now be applied from the level of the test @1.6333 Now note the ABCD Pattern within the FIB where: A = 1.6333 (0%) B = 1.6051 (100%) C' RETRACEMENT = 1.6179 (38%) D' TARGET = 1.5897 (162%)
SL @1.6333 TP1 @1.5983 TP2 @1.5868(Place beyond target to capture more pips)
(NOTE: XABCD Butterfly!! BUPTREND LINE BOUNCE @d NB: Be sure to trail SL after TP1 hits)