Short Term Fibonacci Extend Breakout
Determine HIGH and LOW at consolidation phase.
17 Aug 2021 :
High = 1795
Low = 1779
High Breakout BUY SETUP.
Swing Fibonacci Retracement from H to L
u will find 1.618 as target 1 and 2.618 as target 2.
Low Breakout SELL SETUP
Swing Fibonacci Retracement From L (Low) to LH (LowerHigh)
U will find 1.618 as target 1 and 2.618 as target 2.
RISK SCHEME.
Theres 2 option for Risk Scheme for this breakout strategy.
1. IF we sell, our stoploss must be above 61.8 Fibonacci that we swing from L to LH.
2. IF we sell, we can do a martingale/averaging by condition, and risk scheme are cutloss when confirmed Bullish Breakout.
VICE VERSA FOR BUY SETUP
*Use your choosen Timeframe for confirming breakout
#Socialtradersid #Yourdailyanalyst
17 Aug 2021 :
High = 1795
Low = 1779
High Breakout BUY SETUP.
Swing Fibonacci Retracement from H to L
u will find 1.618 as target 1 and 2.618 as target 2.
Low Breakout SELL SETUP
Swing Fibonacci Retracement From L (Low) to LH (LowerHigh)
U will find 1.618 as target 1 and 2.618 as target 2.
RISK SCHEME.
Theres 2 option for Risk Scheme for this breakout strategy.
1. IF we sell, our stoploss must be above 61.8 Fibonacci that we swing from L to LH.
2. IF we sell, we can do a martingale/averaging by condition, and risk scheme are cutloss when confirmed Bullish Breakout.
VICE VERSA FOR BUY SETUP
*Use your choosen Timeframe for confirming breakout
#Socialtradersid #Yourdailyanalyst