Look at the 4 hr chart.
First you decide the trend. I am using an indicator Synergy_APB( found it on FF)
Draw a Fibo retracement on 4 hr bar.
Put sell/buy limit order at 50 % retracement.
TP would be at 161.8% extension. Stop loss at 0%.
First you decide the trend. I am using an indicator Synergy_APB( found it on FF)
Draw a Fibo retracement on 4 hr bar.
Put sell/buy limit order at 50 % retracement.
TP would be at 161.8% extension. Stop loss at 0%.