Forex trading Strategies: Eur gbp h4

First Highlighted box:
Entry on the 2nd touch of the base consolidation.

1) Take partial profit at the fibonacci 61.8% , and take full profit at the close of the bar.

2nd Highlighted box:
Entry on the touch of the base of the fibonacci 61.8% level.Stop loss as shown in the red dotted line below.
Target profit area would be the confluence of the:
1) 150 moving average,
2) price pivot
3) fibonacci 78.6% level.

This is one of our forex trading strategies to trade in the consolidating market.

Next Expert Article: Box trading example (part 2)

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