Commerce and trade insurance brokers northern ireland30 comments
Binary auto trade
Apply the Fibonacci extension tool to the impulse wave and the pullback to get an idea of where the price will go on the next impulse wave (see Fibonacci Extension article ). For example, if you risk is 10 pips, your profit target is 16 or 20 pips respectively. That means once the engulfing candle finishes and a new one begins we enter the trade. There is no relevance to the close of a 1, 5 or 15-minute candle. Therefore, we are watching for these signals in real-time, and as soon as we see an engulfing pattern with the proper setup we trade it, without letting the bar complete.