I realise it's easy to state after the fact, but BCH has produced a clear example of fibonacci entry and first target hit.
I just missed my entry as I noticed this a little late, highlighting the difference between trading and TA.
However, its impossible to miss the confluence with the entry, RSI moving above 30, divergence appearing on the EWO and the entry at the Golden Pocket.
Stops just outside the 65 needed to be careful as a cheeky wick could have caught them.
Its also satisfying to see my automatic algo, written using pine script, producing a fantastic trade set up in seconds.
Sam
I just missed my entry as I noticed this a little late, highlighting the difference between trading and TA.
However, its impossible to miss the confluence with the entry, RSI moving above 30, divergence appearing on the EWO and the entry at the Golden Pocket.
Stops just outside the 65 needed to be careful as a cheeky wick could have caught them.
Its also satisfying to see my automatic algo, written using pine script, producing a fantastic trade set up in seconds.
Sam