TradingView
Ruiisun
Feb 23, 2020 7:09 PM

Simple 15m Fib strategy Education

Euro Fx/U.S. DollarFXCM

Description

1: Find the Swing high resistance zone.
2: Identify zones where price consolidates a lot and makes small reverses.
3: Once you have a big bearish/bullish momentum, stretch out your zone where price makes a lot of consolidation before making a bearish/bullish push.
4: Price must close at one of 3 levels (38, 50, 61).
Your entry confirmation will always be an engulfing candle closing opposite of your previous candle momentum you used to draw your fib.
5: TP will always be 161 and 227 level.
6: SL will always be the Fib level above or below your entry.

Comment

If the video isn't working for you, please let me know!
More