Things we need in this Strategy :

* plain candelstic chart. (mt4)

* add zigzag indi (default mt4)
* add fib retracement (default mt4)
* support/resistance horizontal levels (maual)
* First of all plz note that this will work more precisely on 4 onwards timeframe.
! will show the e"amples on 4 and #aily charts.
$ou can apply on weekly and % also for practice.
* &his will work on up trend and down trend only '(not prefer in range bound/sideways market)
* &his is purely technical strategy '(you can follow without watching fundamentals as the ()( is
%)* and %)+)
Initial Steps to apply for setup :
* open a chart (4 onwards time frame)
* add zigzag indicator
* find trend ie up or down.
* if found down trend add fib from last bottom to top (eg. %,,- on bottom and ,- on top
with the help of zig zag)
* if found up trend add fib last top to bottom (eg. %,,- on top and ,- on bottom
with the help of zig zag)
Final steps to apply for Entry :
For .ell setup i.e if you found a down trend' after adding fib'
* see the retracement from /%.0-
* 1ow we will place sell limit from 2,- to +0- of fib with the matching of nearest resistance.
* .top loss will be above +0- or *+- of fib with the resistannce.
* &arget will be 30./- of the fib and %,,-.
* .ame for buy setups.
4atch charts for more clear view.
Feel Free to ask if you need any assistance regarding this.
(egards
Ftpk.