This document describes the "Fibo Scam" technique for identifying entry and exit points for trades based on bullish or bearish candlestick patterns combined with Fibonacci retracement levels. The technique uses bullish or bearish engulfing candlestick patterns on M30, H1 or H4 timeframes to identify reversal opportunities. Fibonacci retracement levels are then drawn from the high to low or low to high of the engulfing candle to mark support and resistance levels for potential entry, stop loss, and take profit points. The document provides step-by-step instructions and notes the technique has been successful on 15 of 18 past trades. It encourages joining the author's Telegram channel for more information and signals
This document describes the "Fibo Scam" technique for identifying entry and exit points for trades based on bullish or bearish candlestick patterns combined with Fibonacci retracement levels. The technique uses bullish or bearish engulfing candlestick patterns on M30, H1 or H4 timeframes to identify reversal opportunities. Fibonacci retracement levels are then drawn from the high to low or low to high of the engulfing candle to mark support and resistance levels for potential entry, stop loss, and take profit points. The document provides step-by-step instructions and notes the technique has been successful on 15 of 18 past trades. It encourages joining the author's Telegram channel for more information and signals
This document describes the "Fibo Scam" technique for identifying entry and exit points for trades based on bullish or bearish candlestick patterns combined with Fibonacci retracement levels. The technique uses bullish or bearish engulfing candlestick patterns on M30, H1 or H4 timeframes to identify reversal opportunities. Fibonacci retracement levels are then drawn from the high to low or low to high of the engulfing candle to mark support and resistance levels for potential entry, stop loss, and take profit points. The document provides step-by-step instructions and notes the technique has been successful on 15 of 18 past trades. It encourages joining the author's Telegram channel for more information and signals
• Above show how candle Bullish engulfing look a like
• See the shadow and candle situation !! If shadow candle is not more than shadow candle, this setup won’t work. • The color of the candle is up to up to you guys. • When the candle has turned like this, we can mark this candle as an our entry area. Bearish Engulfing
• Above show how candle Bearish engulfing look a like
• See the shadow and candle situation !! If shadow candle is not more than shadow candle, this setup won’t work. • The color of the candle is up to up to you guys. • When the candle has turned like this, we can mark this candle as an our entry area. Setting FIBO : Ways to use FIBO SCAM for BUE SETUP 1. Identify the market movement which is uptrend. 2. Find BUE in chart. Like picture below 3. Mark FIBO SCAM on candle BUE only from high to low. From shadow highest to the lowest 4. Mark the Fibo points on the chart using horizontal lines. 5. After marking the fibo points. Ways to use fibo with entry fibo at the point ‘Soft Entry, Soft Entry and Hard Entry’. Stoploss or cutloss at point SL. Each point has been named during the fibo setting.
6. Take Profit is at point ‘Salary 1, Salary 2 or Salary 3’.
When the price is already exceeding point ‘Salary 3’ put breakeven on private Salary 1 to hold to next point.
7. The Fibo Scam result for setup BUE.
Ways to use FIBO SCAM for BE SETUP 1. Identify the market movement which is downtrend. 2. Find BE in chart. Like picture below 3. Mark FIBO SCAM on candle BE only from low to high. From shadow lowest to the highest. 4. Mark the Fibo points on the chart using horizontal lines. 5. After marking the fibo points. Ways to use fibo with entry fibo at the point ‘Soft Entry, Soft Entry and Hard Entry’. Stoploss or cutloss at point SL. Each point has been named during the fibo setting.
6. Take Profit is at point ‘Salary 1, Salary 2 or Salary 3’.
When the price is already exceeding point ‘Salary 3’ put breakeven on private Salary 1 to hold to next point.
7. The Fibo Scam result for setup BE.
This technique is easy to use but must follow the SOP first. SOP incomplete causes this technique does not become. Stoploss or cutloss from this fibo is thin only. The risk and reward ratio in Technique is 1: 3. Stoploss or cutloss according to the timeframe used. The larger the timeframe used the greater the profit and stoploss. The recommended timeframe is M30, H1 and H4.
This technique has been used 18 times and the result is 15
times Successful of those 18 Times.
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