My strategy always boils down to 2 entries for 1 stop loss which is in my opinion the most important.
Long:
1- Entry 0,618 Fib Retracement
2 - cloud support
STOP LOSS: 0.8% BELOW 0.786 FIB Retracement
Target:
1 - 0,5 Fib Retracement
2- 0,236 Fib Extension (from 0.5 fib Retracement, increase stop to 0.618 fib Retracement and go up with each achievement of resistance)
Short:
1- Entry 0,382 Fib Retracement
2- 0,236 Fib Retracement
STOP LOSS 0.8% ABOVE 0,236 Fib Extension
Long:
1- Entry 0,618 Fib Retracement
2 - cloud support
STOP LOSS: 0.8% BELOW 0.786 FIB Retracement
Target:
1 - 0,5 Fib Retracement
2- 0,236 Fib Extension (from 0.5 fib Retracement, increase stop to 0.618 fib Retracement and go up with each achievement of resistance)
Short:
1- Entry 0,382 Fib Retracement
2- 0,236 Fib Retracement
STOP LOSS 0.8% ABOVE 0,236 Fib Extension
