Fibonacci News Trade Strategy GU 15 m Long

This news strategy lets the wind die down from the price reaction of the news. You have time to place your fib on the news candle and watch the retracement develop. Price has had time to pick a direction from the markets reaction to the news. Sometimes to catch the best price for the retracement you will be using a 1m or 5m chart. SL is easy to see and place. TP is really up to your discretion. 10 pips or more. We have many different strategies to learn on our blog and we are constantly coming out with new strategies for traders to learn every week. Visit us below on the website, Twitter or Facebook.