LOW chart interpretation:
The previously disorganized Fibo clouds have gradually aligned themselves, providing favorable support for the candles' evolution. The compactness of the Fibo clouds from different timeframes signals the direction and strength towards the first target to be reached
It's worth noting that there's a reasonable chance that the candles will be blocked at the first target. This could be due to the slow movement of the Fibo Cloud on the weekly chart, which could result in a block. That's why I've set a profit-taking position there. Once we pass this risk zone, the candles will have everything they need to develop towards the second target and the subsequent bonus targets whose locations merely mirror the last top.
When the first target is reached, the stop loss must be moved to the position where the entry was made. The aim of this action is to protect the result achieved and ensure that there is enough time to pursue the remaining targets with a reduced risk of losing the trade.
The use of risk management, an integral part of this method, has been fundamental to achieving the desired results.
Risk/Return 8.93 (possibility of large premium)
The previously disorganized Fibo clouds have gradually aligned themselves, providing favorable support for the candles' evolution. The compactness of the Fibo clouds from different timeframes signals the direction and strength towards the first target to be reached
It's worth noting that there's a reasonable chance that the candles will be blocked at the first target. This could be due to the slow movement of the Fibo Cloud on the weekly chart, which could result in a block. That's why I've set a profit-taking position there. Once we pass this risk zone, the candles will have everything they need to develop towards the second target and the subsequent bonus targets whose locations merely mirror the last top.
When the first target is reached, the stop loss must be moved to the position where the entry was made. The aim of this action is to protect the result achieved and ensure that there is enough time to pursue the remaining targets with a reduced risk of losing the trade.
The use of risk management, an integral part of this method, has been fundamental to achieving the desired results.
Risk/Return 8.93 (possibility of large premium)
