Used Fibonacci to measure bearish impulse, 0.236 retracement just below consolidation, we can see an ABCs been completed by respecting 0.618 retracement. This could be traded with a sell stop at 0.236 or look for retracements earlier. - 1H Chart
Yorum:
You can even do scalping on the ABC, we can clearly see theres another ABC between A to B on 15M Chart. This could be traded with a buy limit right where C was completed or play it safe with a buy stop at 0.236, TP at -0.27 and we know see first ABCs been completed. -15M Chart
Yorum:
Measure bearisg impulse, 0.236 right below flag and sell to -0.27. - 15M Chart
Yorum:
Another trade completed, sell stop at 0.236 and TP at -0.27
Yorum:
If Plan A doesnt work, we can trade up trend with Plan B. 2618 technique shows us how it respected 0.618 and starts up trend. - 15M Chart
Yorum:
2618 has been completed, we can see Plan B reacted and reached -0.27 (27.1 Pips) - 15M Chart
Yorum:
Look at this, this is perfect, first 2618 technique was completed by reaching -0.27, that was the highest point and began bearish impulse. We can see its going straight for -0.27