Theory: Prev Chikou and Kijun PA can indicate SR levels
Updated
*PA == price action
Circled POI:
* Past Chikou bounces
* Past Kijun
* Current Kijun as 50% Fib retracement
Thoughts? Thanks
Circled POI:
* Past Chikou bounces
* Past Kijun
* Current Kijun as 50% Fib retracement
Thoughts? Thanks
Trade closed: target reached
Idea was good. Price fell to a standard 0.5 Fib retracement, which is highlighted by the green box. Which also indicates level for Kijun and the past Chikou bounces.
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