So, lets get an example...i set my stops and targets and i jump into a bearish trade, market as printed what i suppose to be an higher close at a price reversal zone (PRZ), so i've decided to short the market there... at that time i have my targets set at two levels of fibonacci retracement (the 38 and the 618)but the price goes above my entry point, creating a new higher close than the previous. So, again, if my targets are measured from a fibonacci retracement of the previous move, if the price goes above my entry point i need to adjust my fib tools (retracement) and my targets. That said, one fib adjustment is just a correction on targets. Get it? If not, just whisper me...
so you just adjust your target because price goes higher than the previous high.
may i know where is your sl ? because i see the price move further than 224 ? in your educational //Engagement Rules mention that the sl is aroud 10pips below/above 224.
sorry for many question, really appreciate it
thank you very much