1. Zigzag
2. EMA 30
3. Stochastic
4. Fibonacci Retracement or Extension
Time Frame: H4 / D1
Trading Plan:
1. Look at zigzag. Make sure it has finished performing its upward/downward move.
2. Look at stochastic. Make sure it is crossing over from either overbought/oversold level.
4. Draw a fibonacci retracement if price is above EMA 30 when you sold. TP at 50%.
5. Draw a fibonacci retracement if price is below EMA30 when you bought. TP at 50%.
6. Draw a fibonacci expension if price is below EMA30 when you sell. TP at 100%.
7. Draw a fibonacci expsension if price is above EMA 30 when you buy. TP at 100%.
Example:
1. EUR/USD
200 pips
2. USD/JPY
70 pips
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