How to get in play on lower timeframes 1h-2h inside the bigger picture perfect example - wait for brake of trend line... then follow the trend.. pull fibs from pullback to high. buy pull back, pullback only count whit 2 red candels in a row! mix candels count as one big one on the 2-4h look at the play on the 1h to find entry and take the risk to reward to almost 10 pips and take the risk
Note
facts stop always where u pulled fibs.. and 0.786 on bigger timeframes 4h and daily
the safer entry will be engulfing bigger than more candels and structure and wait for the HL
trendline break ussaly makes a head and shoulders. on lower time frames.
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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.