๐ Best Scalping Setup Using Custom Fibonacci Levels! ๐
Most traders use standard Fibonacci levels, but for scalping I prefer custom levels that provide more precise entry zones.
My Fibonacci Settings:
๐น 0.7
๐น 0.78
๐น 1
How the Setup Works:
๐น 1) Identify the Trend
Always trade in the direction of the trend for higher probability.
๐น 2) Draw Fibonacci
Draw Fibonacci from the recent swing low to swing high (for long trades).
๐น 3) Wait for Retracement
Price usually retraces into the 0.7 โ 0.78 Fibonacci zone, which becomes a strong scalping entry area.
๐ Entry: Between 0.7 โ 0.78 Fibonacci zone
๐ Stop-Loss: Below level 1 or recent swing
๐ Target: Previous high / liquidity zone
With proper risk management and patience, this setup can provide very clean scalping opportunities.
P & B Traders
Trade with strategy, not emotion.
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