![]() You are now looking for price to be 89 pips away from the emas. Stop can be moved down to protect the position or left alone at a tunnel. You should have taken part in the position off at 1.8448. You can use for computation purposes either tunnel boundary or the median of the tunnel.Įma’s are still the same, so if you use the median, 55 from 1.8503 is 1.8448. 40 minutes after you put position on, the cable is at 1.8440. Over the following hours, the market starts to go down. The market breaks 1.8494, and you sell at 1.8492. ![]() Stops and reverse are placed on the other side of the tunnel.Īs the market trades in your direction, you take partial profits at the successive fib numbers respectively, with the final portion of your position left on until one of the following conditions occur: 1) market hits the last fib number from the ema’s, or 2) the market eventually comes back to the tunnel and violates the other side.Įxample: GBPUSD is trading at 1.8500. When it breaks BELOW the lower tunnel boundary, you go short. ![]() When it breaks ABOVE the upper tunnel boundary, you go long. Wait for the market to come into the area of the “tunnel”.
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