Examples of Entry
5.1 Buy Example
Trend: Price is above 50 EMA.
Demand Zone: Price enters a strong demand zone.
Confirmation: Bullish engulfing candle forms near the 61.8% Fibonacci retracement level.
Entry: Buy at the close of the bullish candle. Stop-Loss: 10 pips below the demand zone. Take-Profit: First resistance and Fibonacci extension levels.
5.2 Sell Example
Trend: Price is below 50 EMA.
Supply Zone: Price enters a strong supply zone.
Confirmation: Bearish engulfing candle forms near the 50% Fibonacci retracement level.
Entry: Sell at the close of the bearish candle. Stop-Loss: 10 pips above the supply zone. Take-Profit: Nearest support and Fibonacci extension levels.
Last updated