Conditions for setting up a Buy: 1. The trend on the H4 and H1 timeframes is upward 2. The price retraces to the Fib 0.5 - 0.618 zone 3. The Fib 0.5 - 0.618 zone is currently a liquidity zone.
Entry: - Around the Fib 0.5 - 0.618 zone, a 0.5% Buy limit can be placed - SL below Fib 0.618, TP at the nearest peak - The remaining 0.5% will wait to see if the price moves to the Fib 0.5 - 0.618 zone and confirms a reversal candlestick pattern on a timeframe smaller than M15. Note: This is personal analysis for reference only. Take responsibility for your own potential losses.
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