This is a mechanical trading method that is based on Support and Resistance. The tools that are used to identify entries, support and resistance, targets and exits are:
- Fibonacci
- Trend lines
- Fractals.
This method is not specific to any particular pairs or time frame and can be applied based on your trading personality, time frame and risk level.
However, by default it is being used to trade on 15 minutes charts. Better results are achieved trading this method between 3.00 am EST and 12.00 p.m EST.
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