Here on EURUSD M5 we had an awesome Fibonacci trade…
We had a gartley right at the top which set the reversal that introduced a beautiful continuation after.
Here are the points:
*1 – this was our gartley pattern that nicely formed at the exact retracements we like to see- it was a perfect gartley
*2 – we had an AB=CD and price reversed at the EXACT TICK!
*3 – our perfect retracement here that aligned with the gartley. This was our first entry.
*4 – We had a Fibonacci power level here (blue line) so one other piece of confirmation and we are good to enter again
*5 – we got a Fibonacci energy swing AT THE EXACT SAME POINT! Look how price respected it with 3 wicks hitting it first, and then price returned back and started reversing again- this was our confirmation and it was time to enter for our 2nd entry.
Price just kept on falling, and although we had one major pullback, it didn’t hit our breakeven point, so we were still in, and after this we had very shallow pullbacks, so this was nice and easy to capture!
We are currently still in this and are at OVER 21 to 1 Risk Reward! Phenomenal!
The power of these extra special Fibonacci techniques (that no one teaches out there) still astound me to this day!
Trades like this are always coming through, and if you want to learn more about these techniques, come along to my free webinar here:
If you are serious about learning to trade for yourself, then you cannot miss this webinar!
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See you on the webinar!…
Good Trading,
Kumar Kaushal