coffeeground
Long

GBPUSD: Bull Wolf near SR level

FX:GBPUSD   British Pound/U.S. Dollar
Bull Wolfe Wave (falling wedge) near SR level
Good one.
How do you manage risk with your stacked/tight stop entries?
Reply
coffeeground IvanLabrie
a year ago
hello ivan! firstly, sorry english is not my native language, but ill try to explain to you. for me this is not a good trade. i'm expecting the price to touch the purple dash line but it didnt happen before the trade is closed. i'm using fibonacci retracement to place my stoploss. i learned that when i use fibonacci on point 3-4, price tend to retrace at 127, 162, 200, and 238 level. usually i use many limit targeting around this fibonacci level
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