FIBONACCI

Page 4

The below example is a bullish A,B,C,D H4 example. This is a classic before and after shot from Astrofx, a brilliant example of how to conduct your trading journal (more details later). A long/Buy entry was executed at 0.7180- 50% FIB C retracement with the price breaking a counter trend-line and rallying to form new highs. The FIB D1 extension (0.7328- 10 PIPS below) was hit to the abso- lute T! A 160 PIP gain in just over 24 hours. This is an example of when the stop loss 15 PIPS below the 78.6% level should be respected.

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