CANDLESTICKE BREACKOUT FIBO LINE

بسم الله الرحمن الرحيم

"In the name of God, the Merciful, the Compassionate"

Simple Forex Trading Strategy

THE

"Fibonacci Line Breakout"


" Let's Share, Sharing is Caring "

Hi Forex Trader, today I will give you a Powerful Strategy Fibo Line Breakout With 3 target profit for Custom Settings  Fibonacci Retracement. This Fibo Line Breakout can be used as a profitable forex strategy or profit to increase the confirmation of your entry on your current trade.


How to Improve your Trading Strategy in Chart

By Using The

Fibonacci Line Breakout


Currency:  Any major pair

Time Frame:  Recommend 1H Only

For Entry: 30M, 15M, 5M



Step 00:

The Settings  Fibonacci Retracement:





Step 1:


Chart setting:


Make sure your screen chart in the zoom out.





Make sure your Charts on Japan Candlestick.




Make sure The chart Timeframes on H1.





Make sure The chart on Auto Scroll and Chart Shift.




Make sure The chart Show period separators. on Keyboard press ( Ctrl+Y ) or go to Properties and select Show period separators












Step 2:


we count 7 candlestick from the Separated Period or The New Opening Day Line at 5:00 AM of the last day until an Asian Session and London Session market movement.





Step 3:


We Draw 2 Trend line:

The First line "HIGH"

BLUE LINE from Upper shadow/Wick HIGH Price CS 11:00 AM


The Second line "LOW"

RED LINE from lower shadow/Wick LOW Price CS 5:00AM





Step 3:


We draw the Custom Fibonacci Retracement, From the highest point of Upper shadow/Wick HIGH Price CS.  and then go all the way down To the lowest point of lower shadow/Wick LOW Price CS.






Step 4:

HOW TO ENTRY:

SELL: when break bellow

BUY: when break above

Stop Loss: recent high or low

Take Profits: @TP1 @TP2 @TP3



MONEY MANAGEMENT

INTRADAY: M15, H1 = Take Profits 40-60 PIPS

SCALPING: M5, M15, H1 = Take Profits 10-20 PIPS


Standard Operating Procedure Entry Forex "SOP"

  1. The Entry We can Replace Buy Stop or Sell Stop at highest and lowest of Fibo line Entry.
  2. Or We Can INSTANT ENTRY BUY when CS crossed the line/breakout FIBO LINE HIGH/BLUE LINE.
  3. Or We Can INSTANT ENTRY SELL when CS crossed the line/breakout FIBO LINE LOW/RED LINE.

Take Profit 10 pips to 70 pips

Depending on the Suitability of the Pair ..

Stop Loss -30 pips only ..





Fibonacci Line Breakout Tutorial




Do it Forex Strategy
Fibonacci Line Breakout
By Doze
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