Disliked{quote} Thank you for the encouragement. not too sure about myself but this is how i picture it, i still have a lot to learn though so please point out if i draw it wrong.....@@ ATM i'm not on Bear or Bulls but i think today NFP is gonna decide the direction of the next move. {image} {image}Ignored
Now just a couple of things, 1- You can apply Fib expansion tool (not Fib tool) to ABC triangles to calculate .618 minor extensions, because sometimes that's all price is going to go to and to be honest move at 1.13 is possible but not as high probability as 1.1080.
2- If you apply same procedure to H1 chart you will see that move below 1.0785 will look at least suspicious.
Like you said, the R:R is at completion points and stops against invalidation points, sometimes you get a few Wash and Rinses but that is not the norm.
Fibonacci will make you rich