also it is called two lines strategy, it works all the time if you use correctly following this rules:
1. the market must be uptrend or downtrend not ranging
2. use session break lines in your trading view
3.put one Horizontal ray last upper session and another Horizontal Ray last lower session
4. wait the breakout of the one of the lines.
5. after the complete breakout use fib retracement (see below to set fib numbers)
6. place the stoploss at the HORIZONTAL RAY ( not the broke one)
7.take profit 1 will be -0.27 fib line and tp2 will be -0.618 fib line.
..............................................
fib retracement set up: tick all this numbers
0
0.382 in case for pull back
0.5 in case fore pull back
0.618 in case fore pull back
-0.27 take profit 1
-0.618 take profit 2
please comment your opinion
contact me
twitter @faisalQalinle
1. the market must be uptrend or downtrend not ranging
2. use session break lines in your trading view
3.put one Horizontal ray last upper session and another Horizontal Ray last lower session
4. wait the breakout of the one of the lines.
5. after the complete breakout use fib retracement (see below to set fib numbers)
6. place the stoploss at the HORIZONTAL RAY ( not the broke one)
7.take profit 1 will be -0.27 fib line and tp2 will be -0.618 fib line.
..............................................
fib retracement set up: tick all this numbers
0
0.382 in case for pull back
0.5 in case fore pull back
0.618 in case fore pull back
-0.27 take profit 1
-0.618 take profit 2
please comment your opinion
contact me
twitter @faisalQalinle