Kairul's Trade Journal - Channel and Fib Strategy

Hello,
I am Kairul and from Brunei. Welcome to my trade journal, here i am going to post my trade ideas and my trades. I traded for nearly 4 years already and currently uses channel, fibo retracement and extension together with SNR for my trade strategies.

Here is currently my active trade, pair Euraud.


My entries are based on, price currently at :

  • Fibo 61.8
  • channel line
  • Head and shoulder setup
  • Fibo expansion range 160
  • RSI Bearish divergence
  • Strong SNR line

But due to French election, i have to be very careful and put in with tight stoploss at nearest high point it makes in lower timeframe.