Hey Traders,
We'll show you how you can find an easy trade with a high risk-to-reward ratio using some basic concepts.
- Step One: Spot an uptrend where you have higher highs and higher lows.
- Step two: Spot the last break of structure.
- Step three: Use the Fibonacci tool and connect it from the recent lows to the recent highs.
- Step Four: Watch prices coming back to the broken structure that lines up with any Fibonacci level. ( Focus on the 50% - 61.8% - 78.6% Levels )
- Step Five: Wait for a clear bullish candle and then enter with stoploss structure
- Step Six: Take partial profits at the recent highs and the Fibonacci extensions ( - 0.27 & -0.618 )