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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