DislikedBo,
was following retracing price with a sell stop, it got hit but then price moved long for no reason. Do you see it as a wrong entry or should I have set buy stop above this waveform as well? Do you always have buy stop for a sell stop?Ignored
First you want to look how I have my intraday fibs apply.Basically you want to make your decision based on your intradayfibs from the previous day!You can see that coming into London sesion price get rejected from intraday levels ,so first entry could be the white horizontal line.After that price continue downside never challenging the intraday levels again.I enter the mkt at break of intraday low targeting T1.I follow the mkt. with a stop above the prev. high candle so I got stopped out above the first blue candle for a +45 pips.Fibs. that you have should be set up for tomorrow.