- 1.272 Fib extension
- at 1.1027
- on both H4 and M15 time frame (blue and red )
Before reaching this zone the price is retracing on its 61.8 Fib level, so we need to find a way to enter long of this trade. I use to enter on M15 timeframe to find zone of high liquidity which I have located at 1.0866 level. The risk reward is 1:4.
Happy trading !