Green Triangle Up = Long Signal
Stop 24 ticks
Using the MT AutoFibGrid for your trade management target and trail zones
BreakEven Zone = 23% 101.82 - reduce risk by 50% -
move stop to -12 ticks
Target 1 = 101.95 to 102 - High
Target 2 = f50% 102.16
trail to below f23.6% at f50%
Range Grid Below Shows we are 50% of the session range - before the 9.00am Open
So this means 50% of the expected range is gone - we have a potential 50% expansion left
which might by one way long or short or a bit of both... The FibGrid maps out the reversal points
The range grid shows the total.
When the market range expands to 100% the Range turns gold , 75% blue, 50% gray
Currently this trade might see a rejection of the upper trigger line and a continuation to the f50%.
From the 9.00AM Session the price has fallen - but we are still long with respect to this last signal unless your trade management took you out already.
Look back on the chart to see the historical trades in the week.. you can expect 3 trades per session roughly and should aim to day position trade or swing trade to the next session.