eu looking promising for a SBPT setup.. nice +80 pips bear move.. band looks striking and ema at least to overlap the band if not drawn out. of course all depends now on the PB.. we need a normal PB.
now that looks swing has ended and possible PB is coming and the size of is valid.. I go ahead and plot the fib.. now i would look for PB and the following confirmation:
1) Pb to opposite band and Fib level
2) Pb to ema and fib level.
but i prefer to have>> pb to opposite band, ema and fib level all combined for best scenario..
now.. after all this of course i wait for bear candle to close below the band,ema,fib with mac (narrow bar) confirmation... that's it.. order set.
now that looks swing has ended and possible PB is coming and the size of is valid.. I go ahead and plot the fib.. now i would look for PB and the following confirmation:
1) Pb to opposite band and Fib level
2) Pb to ema and fib level.
but i prefer to have>> pb to opposite band, ema and fib level all combined for best scenario..
now.. after all this of course i wait for bear candle to close below the band,ema,fib with mac (narrow bar) confirmation... that's it.. order set.