I just opened buy trade on EURJPY this morning and alhamdulillah I got 10 pips in just few minutes. This is a fibonacci breakout strategy which gives me a lot of pips so far. Here is the trade screenshot.
EURJPY has moved down since last night but there is a nice divergence signal this morning. I would not trade based on divergence only since there are many fake or failed divergences. I open my trade when the price move and break the previous resistant (if we buy).
On the chart above, I draw fibinacci retracement with the 100 level is put on the last swing high. I open my Long position immediately on the breakout and the target is 161.8 fibonacci level.
0 comments:
Post a Comment