FX:GBPUSD   British Pound/U.S. Dollar
28 0 1
A Simple Rules
Original Time Frame: 1 hour

Find an impulse leg, name it X to A.

Then for the B point:
Minimum retracement is 38.2 of XA.
Maximum retracement is 61.8 of XA.

C is the extension to a minimum 127.2 of XA but no candle close beyond 141.4.

Move the fib at the A point to a completion of C to find the 78.6 retracement of XA.
Draw the fib from X to C to find the D at the 78.6 retracement. That is the PRZ.

Stop loss is 10 pips above/below X.
Target 1: 38.2 of CD
Target 2: 61.8 of CD

Enjoy...!
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out