These are often hard to pick and as a pivot or fade take, it is inherently more risky. The Stop is tight. Never the less Fibonacci cluster of 5 and 2 to 5 show some high probability areas of take profits. In practice we do not use stationary stops or targets, dynamic systems have proven to be more useful.
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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.