1. Watch price at the .618 fib level area 2. Wait for the buyers to show interest (momentum) if going long 3. Wait for price to show you that it is holding at this level 4. Wait for 4H and below timeframe chart to be on same page (long) 5. Make sure to implement good risk/reward 6. Don't risk more than 2% of trading capital on trade if traded
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.