Target Zones & Ribbons

24 พ.ค. 2020

Trend based on moving averages, indicated by ribbon, and profit zones based on re-tracement zones of Fibonacci.

Target Zones
- 38% is TP1 - first line break
- 62% is TP2 - second line break

Ribbon can be used to identify the trend:
-Price action below ribbon is bearish
-Price action above is bullish
-Price will likely bounce off ribbon once for a continuation of trend, unless trends breaks ribbon, signals for reversal.

Please PM me for use, testing only.

This indicator is meant to be used with the following.