Short Term Fibonacci Extend Breakout

Determine HIGH and LOW at consolidation phase.
17 Aug 2021 :
High = 1795
Low = 1779

High Breakout BUY SETUP.
Swing Fibonacci Retracement from H to L
u will find 1.618 as target 1 and 2.618 as target 2.

Low Breakout SELL SETUP
Swing Fibonacci Retracement From L (Low) to LH (LowerHigh)
U will find 1.618 as target 1 and 2.618 as target 2.

RISK SCHEME.
Theres 2 option for Risk Scheme for this breakout strategy.
1. IF we sell, our stoploss must be above 61.8 Fibonacci that we swing from L to LH.
2. IF we sell, we can do a martingale/averaging by condition, and risk scheme are cutloss when confirmed Bullish Breakout.

VICE VERSA FOR BUY SETUP

*Use your choosen Timeframe for confirming breakout

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