GBP/NZD hit our target nicely here, as we had a BOS. 3.84 Risk to Reward.
STEP1. Ensure there is a strong trend
STEP 2. Ensure there is a corrective mode
Step 3. Look for Break of Structure above the previous swing high
STEP 4, Ensure your risk to reward is 2-1
STEP 5. Use the FIB extension tool to predict .618 as target.
Chris
Head Coach & Mentor
STEP1. Ensure there is a strong trend
STEP 2. Ensure there is a corrective mode
Step 3. Look for Break of Structure above the previous swing high
STEP 4, Ensure your risk to reward is 2-1
STEP 5. Use the FIB extension tool to predict .618 as target.
Chris
Head Coach & Mentor