Here is a screenshot of Cable H1, H4, and D1
You can see the Fibonacci retracement (close to the 61% level).
If price goes up some more (between 61% & 78%) we would see a white DOT/Circle draw in on the Daily and we would have a nice 2nd DOT followed by a very nice down move. Of course, we do not enter our trade on the 2nd DOT, instead we wait for price to cross the Trend line before we enter. And, if that move is too far away then we wait for a minor 2nd dot to play out in a lower TF and enter on the cross of the Trend line there.
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Re: XARD - Simple Trend Following Trading System
xard777, Thu Oct 22, 2020 5:18 am