We’ve been spending so much time talking about structure and simple pattern formations I thought it would be a good idea to focus in on some APR (Advanced Pattern Recognition).
Today we’ll look at the EUR/USD and take a look at how you can use some a simple understanding of structure and Fibonacci to find predictable patterns to trade. Often these patterns overlap giving you multiple opportunities to capitalize.
At the end of the day, it comes down to a good trade plan the minimizes subjectivity and then backtesting to gain confidence in what you’re doing.
Have a great week! I’ll see some of you in WarRoom tomorrow!