Using a 2/2 Deviation length probably provides the earliest entry point for a breakout. You will have to determine what kind of risk you are comfortable with. The larger the number on the left the longer and more reliable a breakout will be. The short number on the right is smaller to catch bear momentum.
Always trade in direction of daily candle for best setups.
Once the breakout has occurred, Place a Fibo retracement on the breakout line and draw to highest high. Exit your position before a break down of the 236 level for maximum profits.
If it doesn't pull back then stay in the trade and take the next highest high for a fibo retracement from your entry.
I hope this helps clear up any confusions.
If you have questions you can find me in FX Chat.
Always trade in direction of daily candle for best setups.
Once the breakout has occurred, Place a Fibo retracement on the breakout line and draw to highest high. Exit your position before a break down of the 236 level for maximum profits.
If it doesn't pull back then stay in the trade and take the next highest high for a fibo retracement from your entry.
I hope this helps clear up any confusions.
If you have questions you can find me in FX Chat.
