Here is my Fibonacci strategy i am trying out... After marking my key zones of - Support and Resistance and observing higher lows in the Downtrend i was anticipating for a Trend change to the upside. - i then watched this Bullish push to the next level of resistance which it strongly rejected. - Now i will be hoping for a pullback to around the 0.7 on the fib, in which i was go long and enter on the 5m - 15m Time frame. SL - 3739 (1 on the fib) TP1 - 3796 (0.382 on the fib) TP2 - 0 on the fib, or just let it run
Any feedback is appreciated if you trade with a similar strategy drop me a message! Cheers ( ALSO using a free Fib indicator on this chart )
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