Here is a simple example of how I use Fibonacci tools to create an IF/THEN trade plan for a potential long trade.
I use the same trend analysis presented in my first FIB methodology educational post. The process further
defines trend within the price movement and gives me higher probability entries and specific targets once the trade
is placed. Please note that I also use specific price patterns to confirm entries. I will detail the specific price
patters that I use to confirm entries as well as how I control risk in future posts.
I use the same trend analysis presented in my first FIB methodology educational post. The process further
defines trend within the price movement and gives me higher probability entries and specific targets once the trade
is placed. Please note that I also use specific price patterns to confirm entries. I will detail the specific price
patters that I use to confirm entries as well as how I control risk in future posts.
