REASONS FOR BUY:
1. Weighted Moving Average (heavily respected on the Daily TF)
2. Exponential Moving Average
3. Larger Scale Fibonacci (Purple)
4. Smaller Scale Fibonacci (Green)
5. Broken Daily Triangle
6. Strong Daily Support (Skinny White Box) is bouncing off of the smaller Fibonacci 50% level
TRADE LEVELS:
.7270 Start Scaling in down to .7250 OR up to .7290 - Space every trade out by 2 pips so that
Take Profit .7370
Stop loss .7220 (Under the tredline of the smaller daily Fibonacci (green)
Risk Reward Ratio is 1:2 OR 50 pip risk for a 100 pip profit
GOOD LUCK
1. Weighted Moving Average (heavily respected on the Daily TF)
2. Exponential Moving Average
3. Larger Scale Fibonacci (Purple)
4. Smaller Scale Fibonacci (Green)
5. Broken Daily Triangle
6. Strong Daily Support (Skinny White Box) is bouncing off of the smaller Fibonacci 50% level
TRADE LEVELS:
.7270 Start Scaling in down to .7250 OR up to .7290 - Space every trade out by 2 pips so that
Take Profit .7370
Stop loss .7220 (Under the tredline of the smaller daily Fibonacci (green)
Risk Reward Ratio is 1:2 OR 50 pip risk for a 100 pip profit
GOOD LUCK
Comment:
Might bounce straight off of the 0.236 Larger Fib(Purple) 0.7273 that would be great!!
Comment:
BEAUTIFUL!!!!!!