Short-Term Fibonacci Trading Strategy with Clear TP and SL
Strategy:
- Timeframe: M15
- Indicator: Fibonacci Retracement
- Fibonacci Levels:
- Buy Entry: 38.2%, 50.0%
- Sell Entry: 61.8%, 78.6%
- TP/SL Placement:
- SL: Below/above the Fibonacci level used for entry
- Minimum Capital: $100
- Instruments:
- Metals: Gold (XAUUSD)
- The recommended spread starts from 10 to 25, and should not exceed 28.
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