EBP Auto Fibonacci Drawer

👑 Daily EBP Trading Strategy (Final Refined Summary)
This is a daily price action strategy that combines a specific reversal candle (EBP) with a Fibonacci retracement for a confirmed trend continuation entry.

1. 🕯️ The Signal Candle (EBP Confirmation)
Wait for a single daily candle to close that meets two strict criteria:

Liquidity Sweep: The candle's low must first wick below the low of the preceding day.

Strong Reversal: The candle must then reverse and close above the high of the preceding day (confirming a strong move).

2. 📐 Fibonacci Retracement Setup
The Fibonacci Retracement tool is applied to the newly confirmed EBP Candle to define the retracement and entry zone for the next day.

Drawing the Fib (for a Buy Setup): Draw the Fib from the EBP Candle's Close to the EBP Candle's Low.

3. 🎯 Entry and Risk Management
The trade is executed on the next candle (Day 2) after the price retraces and then reverses, confirmed by a candle close.

Action Retracement & Entry Condition Stop Loss (SL) Placement Target (TP) Placement
Buy (Long) Price retraces into the Fib levels, and then the candle CLOSES above any of the key breakout levels: 0%, 25%, 50%, 75%, or 100%. Placed at the Most Recent Swing Low (The lowest point before the EBP candle's move). The EBP Candle's High Wick.
Sell (Short) (Inverse) Price retraces into the Fib levels, and then the candle CLOSES below any of the key breakout levels: 0%, 25%, 50%, 75%, or 100%. Placed at the Most Recent Swing High (The highest point before the EBP candle's move). The EBP Candle's Low Wick.

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Key Takeaways:
Timeframe: Daily candles are used for all signals and entries.

Entry Trigger: A confirmed candle close outside the Fib level is required, not just a wick or price crossing.

Risk Control: The Stop Loss is set at a structural point (the recent swing) for better protection.

Would you like to search for examples of this "Engineered Block Pricing" (EBP) candle pattern on a chart? That clarification makes sense, as placing the Stop Loss (SL) at the recent swing low (or high for a short) is a more conservative and structurally sound location than just the immediate EBP candle's wick.

Here is the final, fully refined summary of the Daily EBP Trading Strategy, incorporating all criteria: the specific signal candle, the Fibonacci retracement levels, the candle close entry trigger, and the recent swing low/high for the stop loss.

👑 Daily EBP Trading Strategy (Final Refined Summary)
This is a daily price action strategy that combines a specific reversal candle (EBP) with a Fibonacci retracement for a confirmed trend continuation entry.

1. 🕯️ The Signal Candle (EBP Confirmation)
Wait for a single daily candle to close that meets two strict criteria:

Liquidity Sweep: The candle's low must first wick below the low of the preceding day.

Strong Reversal: The candle must then reverse and close above the high of the preceding day (confirming a strong move).

2. 📐 Fibonacci Retracement Setup
The Fibonacci Retracement tool is applied to the newly confirmed EBP Candle to define the retracement and entry zone for the next day.

Drawing the Fib (for a Buy Setup): Draw the Fib from the EBP Candle's Close to the EBP Candle's Low.

3. 🎯 Entry and Risk Management
The trade is executed on the next candle (Day 2) after the price retraces and then reverses, confirmed by a candle close.

Action Retracement & Entry Condition Stop Loss (SL) Placement Target (TP) Placement
Buy (Long)
Price retraces into the Fib levels, and then the candle CLOSES above any of the key breakout levels: 0%, 25%, 50%, 75%, or 100%.

Placed at the Most Recent Swing Low (The lowest point before the EBP candle's sharp move). The EBP Candle's High Wick.

Sell (Short) (Inverse) Price retraces into the Fib levels, and then the candle CLOSES below any of the key breakout levels: 0%, 25%, 50%, 75%, or 100%.

Placed at the Most Recent Swing High (The highest point before the EBP candle's sharp move). The EBP Candle's Low Wick.