Basic fibo reversal trades based on 2 entries
1st entry: Fibo 0.5 level - RR 1:3.2 - Risk: 100$
2nd entry: Fibo 0.618 level - RR 1:7.6 - Risk: 100$
Total Risk: 200$
Total Profit: 1000$
Total RR 1:5
1st entry: Fibo 0.5 level - RR 1:3.2 - Risk: 100$
2nd entry: Fibo 0.618 level - RR 1:7.6 - Risk: 100$
Total Risk: 200$
Total Profit: 1000$
Total RR 1:5
Trade closed: target reached
Both orders triggered and hit TP.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.