After practicing on this chart, realized that if the second breakout candle is close to or breaks the next Fibo level, the winning rate will be lowered.
Total trades taken on this chart: 11
Trades that were taken close to next Fibo level: 6
Winning rate for those close to next Fibo level: 2 win to 4 loss
Winning rate excluding those close to next Fibo level: 5 win to 0 loss