This is a new trend continuation strategy I am beginning to test. It involves 2 pullbacks within the DAILY TF.
The 382 is a trend continuation fib level, however, entering a LONG entry when triggered may not provide enough confirmation in a strategical sense.
Therefore, the market has revealed a means to assess price action in a bullish trend by gifting us a...
Here is the criteria for the Complex 36182 Trade
1) Price Action on DAILY Time Frame hits the 382 FIB Level
2) On the 240 min Time Frame, a pull back occurs AND PA hits the 618 FIB Level
3) At 618 entry is placed with Target set at 618 FIB Level on the DAILY TF
Low position trade with 1.5RR