Sell GBPJPY (educational)
"kalbotical retracement confluence 1"
1. Up Trend line broken
2. down Trend line formed
3. second leg has a strongest momentum
so possible third leg
for some kind of 1-2-3-4-5 structure )
You can catch momentu e.g with
Squeeze Momentum Indicator
4. Look left for S/R zone
5 perfect Fib level - .618
6. Kalbot RSI shows
the fastRSI line in the
overbought area,
so there is a possible end of retracement
7. Top predictor (or your mentor)
loves this structure too
8. Plan your trade
trade with one of possible strategies .
e.g countertrendline break ( 9 ) strategy
StopLoss 30 pips above U-turn
Take profit
:- 100 pips (3:1 trade)
:- or -0.25 Fibs extension (10)
:- or Look left for S/R level (11)
12 trade your plan
"kalbotical retracement confluence 1"
1. Up Trend line broken
2. down Trend line formed
3. second leg has a strongest momentum
so possible third leg
for some kind of 1-2-3-4-5 structure )
You can catch momentu e.g with
Squeeze Momentum Indicator
4. Look left for S/R zone
5 perfect Fib level - .618
6. Kalbot RSI shows
the fastRSI line in the
overbought area,
so there is a possible end of retracement
7. Top predictor (or your mentor)
loves this structure too
8. Plan your trade
trade with one of possible strategies .
e.g countertrendline break ( 9 ) strategy
StopLoss 30 pips above U-turn
Take profit
:- 100 pips (3:1 trade)
:- or -0.25 Fibs extension (10)
:- or Look left for S/R level (11)
12 trade your plan
